MMA delivers much improved profitability ahead of Provident merger


Pre-tax operating profit rose to £12.1m from £0.3m and the combined operating ratio (COR) improved markedly to 99.6% from 105.9% in 2010. This was an increase in GWP of only £10m to £230m.

Much of the progress was attributed to the private car book of business which delivered a COR of 96.7% and contributed around 50% of the profit.

The insurer claimed that commercial lines had made good progress, particularly bespoke SME business written in the regional network, where growth of 40% was achieved

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: