Deloitte predicts 2012 household insurance profit

 A family are rescued from their home in Gloucester during flooding on 27 November

The accountant said that insurers made an underwriting profit in 2011 of 11p for every £1 earned and stated that similar levels are expected for 2012. 

And Deloitte added that, looking ahead to 2013, increases in the average cost of household insurance premiums are unlikely to be above inflation.

James Rakow, Deloitte's insurance partner, said: "Deloitte's analysis shows that although 2012 has been a bad year for flood claims this has been offset by the fact that claims for other perils such as

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