Triple merger takes its toll on Covea's 2012 pre-tax profit
Covea Insurance saw its pre-tax profit plummet by almost 50% last year, as merger activity took its toll on the firm’s full year results.
Covea, formerly MMA Insurance, recorded a pre-tax profit of £4.1m in 2012 (FY 2011: £7.4m), in the year in which the firm absorbed the Provident and Gateway businesses at a cost of marginally over £6
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