NIG reveals profits in 2011 results

A start stop switch

The insurer also saw its combined operating ratio improve to 103% from 122% the previous year as the overall net loss ratio improved to 60% from 85% in 2010.

However net insurance premium revenue decreased to £413.1m (2010: £648.9m)

NIG ceased underwriting as a separate entity on 10 December 2011. Along with the figures released to Companies House in its Directors' Report and Financial Statements, the company noted it had transferred its underlying businesses into UK Insurance Limited and has

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