Ageas reveals commercial COR of 110.9%

Barry Smith

Ageas Insurance has confirmed it recorded a combined operating ratio (COR) of 110.9% in commercial lines business for the year ended 31 December 2011.

The insurer highlighted that its commercial COR had been impacted by a couple of large one-off losses in 2011.

In its latest results the provider declared a pre-tax profit of £105m with total gross written premiums excluding Tesco Underwriting business up 15.2% to £1.07bn (2010: £925.1m).

Barry Smith, chief executive of Ageas UK, commented at the time of the results that the insurer was still investing for growth in commercial lines. He added that compared to 2010 its COR had improved 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 info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: