Groupama navigates "tough trading" cycle
The "tougher times" managing director of Groupama Franaois-Xavier Boisseau predicted last year have ...
The "tougher times" managing director of Groupama Franaois-Xavier Boisseau predicted last year have yet to materialise, at least for Groupama's balance sheet. The French-owned insurer's gross written premium revenues climbed by almost 20% to £412.5m over £344.5m the previous year. The acquisition of Clinicare added 8.6% of revenues and income increased by 8.5% on a like-for-like basis, after a good performance in both commercial and home insurance.
The combined ratio was 98.8%, the same as 2005
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