Esure reports improved profit, GWP and COR
Esure Group Holdings has reported a 46% improvement in profit for the first six months of 2012, at £60.2m compared with £41.3m for the same period of 2011.
Gross written premiums also increased, from £242m in the first half of 2011 to £249m for the first half of this year ended June 2012.
And combined operating ratio improved by 4%, falling from 96.7% last year to 92.7%.
Peter Wood, chairman of Esure, said: “"We are extremely pleased with a half year that builds on a confident set of results for 2011.
“Despite the weather events at the end of June, we have seen a very strong underwriting performance enhanced by growth in the revenue from the pro
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