Groupama Insurances made profit in H1 2014, in line with the annual objectives

Groupama Insurances ended the first half of 2014 with a satisfactory consolidated result

In the first six months of the year, the company registered a profit of 8.8 million lei, compared to -18.9 million lei in the first half of the previous year. Therefore, the company achieved significant performances both regarding the development of the profitable business lines, as well as the cost reduction process.

Except for the MTPL lines and the financial risks insurances, the gross premium income registered an increase of 6.2%, due to the successful transformations of the portfolio, in line with the company’s strategy.

For more information, please see the Romanian version of the article, here.