Groupama Insurances' combined profitability for the UK operations (before tax and amortisation) reduced to £14.1 million (2008: £30.1 million).
However, total revenues at Groupama Insurances rose 3.9% to £450.3 million (2008: £433.3 million). A company statement said": The company's healthcare operations continued to reap the rewards of improving performance as a result of its focus on bottom line profitability. Total private medical insurance (PMI) revenues accordingly eased back almost 10%. "Pleasingly, 2009 was also marked by an improving trend in new business activity at Groupama Healthcare as the market began to show some signs of rate strengthening." François-Xavier Boisseau,CEO of Groupams Assurances, said: "As pred...
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