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In 2009, Covéa strengthened its already excellent solvency and confirmed its dynamic sales approach.


In 2009, the economic and financial backdrop stayed difficult and fragile despite signs of an economic upturn worldwide.
Covéa's results are down by 245 million euros, mainly due to climate woes.
Unrealised capital gains went up sharply, from 2.2 billion to 5.2 billion. Covéa's solvency ratio therefore reached the excellent level of 354%, up 49 percentage points.
In a highly competitive market, the Covéa brand names once again improved their sales performance with net portfolio growth in all branches of activity, especially in auto insurance (+163,000 contracts) and multi-risk home insurance (+136,000 contracts).
In life insurance, Covéa increased its premium income by 30%, reaching 4 billion euros in a market that posted 12% growth.

 

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2009 Financial report (French)

 
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