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Skuld's bottom line back on track in 3rd quarter

Norwegian insurance company Skuld finished the 3rd quarter with a profit of USD 31 million, following a deficit in the same period last year.

Photo: Rohde Nielsen

Insurance company Skuld achieved a profit of USD 31 million in the 3rd quarter 2013. A significantly better result than the USD 2.2 million deficit the company made in the same period last year.

Skuld points to investment developments, reduced claims, and reduced contingency reserves from previous policy years as the key reasons for the improved result this year.

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