Brit profits fall and drag COR with them


The insurer reported that its GWP had shrunk to £1.49bn from £1.53bn the previous year with pre-tax profit tumbling by over a third to £75.8m (2010: £116.4m). The group also released £89.9m of claims reserves from prior years.

The provider's COR also jumped up in the year ended 31 December 2011 by 2.5% to 99.6%. It added that it achieved premium rate increases of 1.8% for the year which was an improvement on the 1% achieved the year before.

The UK operation saw the largest premium rate increase

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.

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

If you already have an account, please sign in here.

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: