Insurer posts £19m operating loss for broker channel business.
LV has reported a 22% fall in operating profit for general insurance business in 2015 to £72m from £92m the year before. The decrease in the year to 31 December 2015 came as gross written premium (GWP)...
However the firm sees cash balances fall from £2.1m to £1.6m following payments to the FCA and HMRC.
Company confirms push for telematics and app based business.
Fresh speculation was sparked that GoCompare had been circled by private equity firms and overseas insurers.
Revenue also grows to £46.1m for 2015, up from £36.9m in the previous year.