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Insurance giant Achmea books €453m profit in 2012

Wednesday 27 February 2013

Insurance group Achmea booked net profit of €453m in 2012, overturning the €208m loss booked in 2011. The negative result was due to write-offs on its life activities and Greek state bonds.


Total revenue was up 9% at €25bn. 'Despite the continuing difficult market conditions, the group's different divisions booked satisfactory results,' chief executive Willem van Duin said in a statement.

Achmea is the biggest player in the Dutch healthcare market and includes Zilveren Kruis and De Friesland among its brands.

The company did not make a profit forecast for 2013 but Van Duin said he hoped to trim costs by €200m by 2015.    

© DutchNews.nl


Readers' Comments

What fraction of that profit was from medical insurance? How much were we legally required to pay into their coffers in the form of medical insurance? At what point will profiting off the misery of others become illegal and not legally required?

By H. | 28 February 2013 10:18 AM

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