Coface returns to profit
The insurance division contributed €43 million to operating profit with a 51 point drop in the loss ratio from 109% to 58%.
Growth in turnover over the period was 1.9% and the company added that all geographical zones are profitable in 2010.
The insurer highlighted a continuing improvement in its balance sheet with consolidated equity reaching €1,334 million, compared to €1,311 million at 30 June and €1,084 million at 31 December 2009.
Coface stated that the outlook for the end of 2010 is
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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Most read
- Allianz brings EC&P operation into commercial
- Dickson & Co eager to double business and keep expanding
- Hubb targets £15m to £20m GWP for 2023
- Brokers call on new RSA boss to "step up a gear"
- Aviva Group CFO resigns
- CPP Group UK buys travel specialist Alpha Underwriting
- Motor premium drop starts to stabilise