News article, 11 August 2010
Stable Q2 results for If
The technical result for If P&C Insurance for January-June 2010 was 2 056 MSEK compared to 2 617 MSEK for the same period last year. Combined ratio was 94,1 percent (92,5 percent).
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- If returned to the stable profitability we have shown for a number of years now during the second quarter, says Torbjörn Magnusson, CEO of If.
The operating result before tax was 3 288 MSEK (3 379 MSEK) for January-June 2010.
The technical result for the second quarter of 2010 was 1 383 MSEK (1 466 MSEK). Combined ratio was 89,9 percent (90,7 percent) for the period and the operating result 2 031 MSEK (1 786 MSEK).
