Groupama regarded the 2008 figures as encouraging

Despite the 65.6% fall of its results, the group's management has regarded the 2008 figures as encouraging.
The turnover of 13.441 billion EUR (18.948 billion USD) is on a 10.8% progression in comparison with the previous year. Overseas turnover has jumped by 39%. The operational result of 561 million EUR (790 million USD) is in a progression of 49.6% while property insurance combined ratio is of 98%, that is, a 0.5% decrease in comparison with 2007.

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