
CIS profits fall £58.7m in 2008
Overall, Co-operative Financial Services' profit before tax was £147m, down from £155.4m in 2007.
CIS's earnings report also said that "2007 benefited relative to 2008 from the net impact of reserve releases partially offset by weather related claims costs" and that the underlying claims ration for 2007 and 2008 were similar, except for one-off claims.
The company said: "Sales volumes increased significantly in 2008 whilst retention rates also improved, reflecting the strength of the brand and the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on E-Trading
Most read
- FCA confirms 33 broker investigations
- Aviva enters exclusive discussions to buy Azur’s HNW operation
- Ardonagh buys Alice Castle
- Marsh McLennan responds to reports it is broking for oil pipeline project
- Ataraxia increases its stake in Manchester-based JTS
- RSA re-jigs leadership team to bring customer operations and claims together
- Blog: Commercial insurance fraud risk rises when data is taken at face value