MADRID, 27 Sep. (EUROPA PRESS) -

The Helvetia insurance group recorded an attributable net profit of 257.8 million Swiss francs (266.1 million euros) in the entire first half of 2023, which is equivalent to an increase of 34.7% compared to the profits recorded in the same period last year, as reported this Wednesday by the company.

Helvetia has highlighted that this "good" result is based on the "solid technical development of the core business", while detailing that "the positive trend" of the financial markets has been a "fundamental" reason for the increase in its profit. .

The firm's business volume increased by 6% between January and June, reaching 6,687 million francs (6,903 million euros), compared to the 6,418.7 million francs (6,625.65 million euros) recorded a year before, which has allowed it to "maintain profitable growth," he highlighted.

The company has specified that this increase has been driven by the "strong growth" of 'Non-Life' insurance, which has experienced an increase of 13.2%, to 4,200.3 million francs (4,336.2 million of euros).

The group's combined ratio was 94%, thus placing it at the upper end of the reference margin of the 'Helvetia 20.25' strategic plan, between 92% and 94%.