Magazine date:
Mar 2015 After a decline of 13.5% in 2013, the net profit of CCR lost 8 points in 2014 to end the year at 193 million EUR (234.6 million USD). An under-performance due, among others, to lower financial products.
The turnover achieved by the French reinsurer amounted to 1.323 billion EUR (1.6 billion USD) in 2014, an increase of 5.3% compared to the previous year.
Reinsurance premiums with the guarantee of the State (natural catastrophes and terrorism) accounts for 66% of the portfolio. Only 34% of the underwritings are regarded as market reinsurance.
The non life combined ratio deteriorated; it went from 78.3% in 2013 to 82.6% in 2014. The ROE also fell to 10.3% in 2014 against 11.9% in 2013.
Nb: growth rate calculated in local currency