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French insurer Groupama records profit of $388.9 million in 2013


French insurer Groupama S.A. recorded €283 million ($388.9 million) in net profit in 2013, compared with a €589 million ($777.1 million) loss in 2012, Xprimm reported.

The insurer's total premiums during the period fell 2.3% year on year to €13.7 billion ($18.83 billion).

Premiums in its property/casualty segment totaled €7.05 billion ($9.69 billion), up 1.5%.

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