Annual report
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After the exceptionally severe loss experience that characterized 2011, the reinsurance sector enjoyed more favorable conditions 2012, even though the financial environment remains a source of concern over the medium term...
In millions of euros....
Gross premium income (i.e. written premiums gross of retrocessions) for the fiscal year 2012 reached € 1,346 million (€ 1,349 million at constant exchange rates) for all lines of business, down 2.8% from € 1,385 million the previous year, due to a reduction in revenue contributed by the Open Market business, which is consistent with the strategy defined in 2011...
In 2012, CCR’s underwriting profit, net of retrocessions, came to € 217 million compared with € 20.5 million in 2011...
CCR pressed ahead with the implementation of the three-year business plan approved by the Board of Directors in December 2011, completing objectives set in the five areas covered by this plan...
Financial and real estate management
The net book value of managed assets stood at € 7,801 million at December 31, 2012, of which 1.4% in deposit with cedants, compared with € 7,313 million at December 31, 20111...
The net profit after tax for 2012 amounted to € 242.3 million compared with € 119.4 million the previous year...
In 2013, CCR will press ahead with strategic projects for the accomplishment of its specific mission...
Accounts and financial situation
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