L&G report a general insurance loss

Legal and General (L&G) reported a general insurance loss of £2m and a combined ratio of 108% for the year ended 31 December 2008 (2007: 131%). The insurance group reported that its significant household business recorded an operating loss of £12m in 2008 and an underwriting loss of £26m in 2008 (2007: 101m) and a COR of 110% (2007: 145%). Overall, as a group L&G recorded a £189m loss (2007: £658m profit).