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Breakdown
of Adjusted Gross Earned Premiums (M EUR) |
| |
|
|
| Life
and accident |
30.3 |
13.0% |
39.8 |
14.7% |
| Short-tail
proportional |
68.9 |
29.6% |
91.3 |
33.7% |
| Short-tail
non-proportional |
24.2 |
10.4% |
31.5 |
11.6% |
| Long-tail
proportional |
24.4 |
10.5% |
28.2 |
10.4% |
| Long-tail
non-proportional |
74.7 |
32.1% |
65.1 |
24.1% |
| Miscellaneous
|
10.2 |
4.4% |
14.9 |
5.5% |
|
The above table clearly shows how the proportional
portfolio was reduced, especially as regards
property business. The decrease in life
insurance and accident is limited to personal
accident business in Italy. Conditions in
long-tail non-proportional business remained
stable or even improved in some countries.
Combined with an upgrade of the S&P
rating to AA- they enabled us to realize
a significant growth in this segment in
different countries.
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