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Spain: Reale Seguros' 2013 net profit falls 26%

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Spain-based insurer Reale Seguros posted a net profit of €32 million ($44 million) for 2013, down 26% year on year, the company said.

Its solvency margin at the end of the year was 356%, reports Teinteresa.es. It’s combined ratio reached 96.6%, while net assets totaled €451.2 million. Reale Seguros currently has 55 branches and 341 exclusive agencies in the country.

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