Groupama Insurance saw profits rise for a fourth successive year to nearly £34m in 2006.
Pre-tax profits rose by over 5% to £33.8m from £32.1m in the previous year.
Revenues increased by over 19% to £412.5m, while the combined ratio remained stable at 98.8%.
Groupama chairman and chief ececutive Pierre Lefèvre said: "2006 has been another record year for Groupama Insurances with good revenue growth and a fourth successive year of increasing profits."
He added: "The completion of the acquisition of Clinicare has given us a strong foundation within the health insurance market and further balance to our UK business portfolio. Against a backdrop of some of the most competitive market conditions for years, Groupama Insurances has delivered a vintage performance."
