LV doubles insurance profits as COR improves

John O Roarke is general insurance managing director at LV

The insurer also revealed an improved combined operating ratio of 97.7% (2010: 104.2%) as gross written premiums grew to £1.46bn from £1.18bn the year before.

LV confirmed that while its motor book grew by 400,000 in 2011 to 2.9 million it had seen a further increase in personal injury claims and attempted fraud.

Total policies sold by the insurer rose to 3.9 million for the year from 3.4 million in 2010.

The provider also detailed the split of business between the direct and broker channels

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 copy this content. Please contact [email protected] to find out more.

To continue reading...

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: