H1 16 consolidated premium income came at €17,269m, up 6.4% yoy as reported and 10.2% lfl. In France, premiums increased by 9.7% to €13,672m, while in LatAm, premium income dropped by 11.6% (11.6% lfl) to €1,566m. Europe excluding France’s premiums amounted to €2,030m, up by 1.2% (+6.5% lfl). Net insurance revenue reached €1,281m, up 4.8% yoy (+16.8% lfl). New business value stood at €205m (-11.6% as reported) with a decreasing margin to 11.9% (14.5% in H1
28 Jul 2016
Unconvincing growth
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Unconvincing growth
- Published:
28 Jul 2016 -
Author:
Bassem Neifer -
Pages:
2
H1 16 consolidated premium income came at €17,269m, up 6.4% yoy as reported and 10.2% lfl. In France, premiums increased by 9.7% to €13,672m, while in LatAm, premium income dropped by 11.6% (11.6% lfl) to €1,566m. Europe excluding France’s premiums amounted to €2,030m, up by 1.2% (+6.5% lfl). Net insurance revenue reached €1,281m, up 4.8% yoy (+16.8% lfl). New business value stood at €205m (-11.6% as reported) with a decreasing margin to 11.9% (14.5% in H1