Revenue from premiums on asset and liability polices as well as from home insurance policies was practically flat. Groupama Garancia was runner-up on the market for home insurance.
Revenue from premiums on individual mandatory vehicle insurance polices fell 16.3%, but the drop was offset by a rise in premiums from policies for fleets of vehicles.
Revenue from premiums on life insurance polices grew 12.2%, in part because of a campaign for single-premium policies.
France’s Groupama bought Garancia, the insurance unit of Hungary’s OTP Bank, in September 2008. Groupama merged its Hungarian unit with Garancia on April 1, 2009.
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