Groupama reports healthy growth
Groupama has reported 'significant growth' in both personal and commercial lines in its results for ...
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 have
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