Sferen posts first year losses of €4.8m
Sferen, the mutual group formed by Macif, Maif and Matmut at the end of 2009, has posted its first combined results, a loss of €4.8m.
The group saw an increase in turnover for 2010 of 7.8% to €11.1bn but said the final result was a result of the difficult economic climate, heavy taxation and natural disasters.
At 31 December 2010
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