Swiss Helvetia profit down 15.4% due to non-life business
Swiss insurer Helvetia has posted a profit of CHF289m (€239m) and generated sales of more than CHF7bn for the first time.
Despite solid results in the life and non-life business with double digit growth, group profits were CHF288.7m, down 15.4% year on year (2010: CHF341.5m). The net combined ratio also fell from 94.1%
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