Groupama's UK profits more than halved


Total revenues rose 3.9% to £450.3m (2008: £433.3m) while combined revenues in the group's broking businesses were £66.5m (2008: £66.4m)

Groupama said the private car policy count reduced to correct adverse profitability whilst commercial lines and healthcare (PMI) revenues remained under pressure as a result of difficult business conditions and continuing fierce competition in the company's core SME business.

The insurer added that the household portfolio performed particularly strongly and

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