Groupama reports return to form with profit leap

Francois-Xavier Boisseau

Total revenues for the insurer were up 4.6% to £470.9m (2009: £450.3m) while profits soared by 70% to £23.7m (2009: £14.1m). However, this level of profitability is still some way short of the £30m profits that the insurer enjoyed in 2008.

The rise in profits was attributed to the performance of the commercial lines division although Groupama stated that personal lines showed signs of improvement.

Combined revenues in the group’s broking businesses, GUK Broking Services, were down marginally at

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: