Profits up at Ageas
Ageas UK has revealed that pre-tax profits in non-life business rose to £56.1m for the first half of 2012, more than doubling from £23.4m in the same period of 2011.
The results were formed by profits in several divisions.
Ageas Insurance saw profits rise 64% to £38.9m (H1 2011: £23.7m). The provider cited an expanding book in private car and commercial vehicle and taking pre-emptive actions to protect its result in other areas such as household for this result.
Total gross written premiums (GWP) during the first half of 2012 increased by 6.8% to £589m (H1 2011: £551.6m) in the division.
Income from motor business, including private car and commercial
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