France: CCR, increase in net result in 2015

The CCR's net result increased by11.92%, from 193 million EUR (234.6 million USD) in 2014 to 216 million EUR (236 million USD) at the end of 2015.
The decline in incurred losses reported during the year has significantly contributed to the improvement of the underwriting result.

This result generated a profit of 315 million EUR (344.2 million USD) against 258 million EUR (313.6 million USD) in 2014. At 72.8%, the combined ratio improved by 5.8 points compared to 2014.

As a result of the selective underwriting policy in reinsurance market, the turnover fell by 2.7% to reach 1 287 million EUR (1 406 million USD).

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