The company switched to a RON8.8 million profit, from RON18.9 million losses in the corresponding period a year earlier.

The evolution of the underwritten premiums on the general insurance segment triggered revenues worth RON304,1 million and represented 94% of the total underwritten premiums.

The results on the general insurance segment are triggered by the evolution of the segment of voluntary car insurance CASCO, where Groupama strengthened its market position, ranking second.

On the life insurance segment, the underwritten premiums, representing 6% of the total, reached RON20 million in the first six months, up 5.5% on the year, due to the growth registered with banking partners and the own distribution network.

Underwritten premiums on assets and property insurance policies fell 0.5% to RON76.3 million in the first six months, given a 5% market fall in the first four months.

French group Groupama entered the Romanian market in October 2007, when it bought BT Asigurari for EUR100 million.

In 2013, Groupama Romania underwrote premiums of RON718 million, down 11% on the year, as it decided to reduce its exposure on the mandatory car insurance segment.