Groupama reports rise in net income despite €84m Greece hit
Groupama SA has reported premium income of €8.4bn for the first six months of 2011, down -2.5% on a like-for-like consolidation and exchange rate basis.
The insurers net income of €147m, was up +16% after a net loss of €84m for Greece. Economic operating income of €183m, was up +76% and the combined ratio for its property and casualty book was 99.6%
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