French reinsurer CCR Re increases profit in first half 2020 despite combined ratio jump


CCR Re, the French government backed reinsurer, posted a year-on-year improvement in net profit due to a favorable effective tax rate, but saw its combined ratio jump and life reinsurance profit margin decline in the first half of 2020. CCR Re posted a net profit of €29 million for the period, up from €17 million in the first half of 2019. Its premium income for H1 2020 was €545 million, an increase of 23 percent on the prior year period. The company's combined ratio ballooned...

CCR Re, 2020 Results, Life Reinsurance, Insurance, Reinsurance, Europe

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