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AZF |
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Improving trend in operating performance--Despite the recent spate of high frequency, high loss events--European storms, events of September 11, 2001, and the AZF explosion--AGF has continued to report a bottom line profit (EUR 717 million in 2001 [approximately USD 809 million]) and robust returns on equity and assets (10. The company's underwriting capacity has a strong, although necessary, dependence on this program, as shown by the recent major losses resulting from the explosion at the group's AZF subsidiary in Toulouse. |
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