Groupama 'content to sacrifice volume' to continue strong profitability
Groupama has reported strong profitability in its annual results for 2007.
François-Xavier Boisseau, chief executive officer, said: “Groupama Insurances has again delivered a strong bottom line performance, with an excellent return on capital employed and a valuable contribution to the Group. This is against the backdrop of extremely competitive market conditions, continuing consolidation among the UK’s insurance intermediaries and some of the worst flooding for many years.
“Our concentration will always remain on the bottom line and we are content to sacrifice volume
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