Groupama's profits slide
The insurer's pre-tax profit fell to £5.4m for the first half of 2009
Groupama’s pre-tax profits fell to £5.4m for the first half of 2009, compared to £13.1m for the same period last year.
Revenues remained stable for Q2 2009 at £225.9m (1H 2008: £224.7m). Personal lines revenues remained flat at £141.8m (1H 2008 £141.2m) while commercial lines revenue grew to £57.9m (1H 2008: £54.7m).
Private medical insurance (PMI) revenues, targeted by Groupama Healthcare, fell to £26.1m (1H 2008: £28.7m) following the cancellation of a number of unprofitable schemes.
François
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