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Covea’s net income grows 65%

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French insurer Covea Groupe SAS’s net income grew by over 65% year-on-year to €1.5 billion ($1.6 billion) in 2023, mainly driven by its reinsurance unit, Reinsurance News reported. The insurer saw total earned premiums increase by nearly 18% year-on-year to €26.7 billion in the reported period.

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