Groupama on target for record 2005 profit
Groupama UK is claiming it is on target for record profit in 2005 after publishing its results on th...
Groupama UK is claiming it is on target for record profit in 2005 after publishing its results on the first half. Headline figures included a 43% increase in profit to £16.5m, with a 6% increase in revenues on the same period last year.
Its commercial business was a strong performer, with SME revenues up 50%, comparable with the same period in 2004. While the insurer did not issue a specific figure for its combined operating ratio, it claimed this remains comfortably under 100%.
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