Ageas returns to profit despite 104.6% COR
Group profit before tax was £3.8m with total income up 75% to £411m.
The insurer said its total non-life gross written premiums (GWP) increased by 16.7% compared to the first three months of 2010 to £269m. It cited continued development of personal and commercial lines portfolios as the reason for the rise.
The combined operating ratio also improved to 104.6% (Q1 2010: 110.2%) which included higher than anticipated prior year escape of water claims which added 17.5% to the household COR in 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 Insurer
