Groupama profits fall more than 50%
Groupama Insurances has announced a pre-tax £14m profit for 2009 – a fall of more than 50% on the £30.1m reported in 2008.
The insurer, which attributed the reduction to motor claims inflation and weather related losses, also revealed a 3.9% increase in revenue to £450.3m (2008: £433.3m).
Commenting on the figures, chief
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