Gruppo Fondiaria Sai: Q1 2012 consolidated results approved
Thursday, May 10, 2012
- Group returns to profit, euro 73.5 million (loss of euro -24.9 million Q1 2011)
- Non-life combined ratio under 100%
- Sharp fall in Motor TPL claims reported: -15.4%
- Strong recovery in adjusted solvency: margin increases to 91.6% from 78.2% at end of 2011
- Liquidity held of approx. euro 940 million
The Fondiaria-SAI S.p.A. Board of Directors, meeting today, approved the consolidated results for the first quarter of 2012.
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