Groupama's UK profits more than halved

road-sign-arrow-tough-half-a-mile

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: