Ageas UK premiums up 21% in 2024 to €1.85bn
Ageas grew UK premiums by 21% last year to €1.85bn (£1.52bn), driven by expanding the customer base and premium rate in motor, its parent has confirmed.
The Belgium-headquartered group did not provide a breakdown of UK figures.
However the European division, which includes the UK but not Belgium, had an improved combined operating ratio of 94.8%, from 95.9% in 2023, with Ageas highlighting: “The strong improvement compared to last year was mainly the result of a strong technical performance in the UK.”
The unit’s non-life operating result also strengthened year-on-year by €35m to €119m, with Ageas again citing the “sizeable increase compared to
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