Groupama reports healthy growth

Groupama has reported 'significant growth' in both personal and commercial lines in its results for the second quarter of 2006.

Pre-tax profits increased by 38% to £18.9m (2005: £13.7). Revenues, with the inclusion of the acquisition of Clinicare, were up by 25% and, on a like-for-like basis, Groupama grew by 12.6%. Its combined ratio also improved, dropping to 97.5% from 100% from this time last year.

Pierre Lefevre, chairman and ceo, said: "In increasingly challenging market conditions, we

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