
Investment returns save Ecclesiastical as COR worsens

The provider's combined operating ratio (COR) deteriorated to 108.5% from 105.5% the year before.
However the insurer managed to post a pre-tax profit of £37.8m for the year turning around the loss of £10.5m in 2011.
Exceeding expectations
This was mainly driven by group investments exceeding expectations and coming in at £56.6m far above the £8.2m achieved in the previous 12 months.
Turnover was broadly flat at £497.7m (2011: £490.9m) as general insurance gross written premiums stayed stable at
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 print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Insurer
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Mulsanne accuses Marshmallow of stealing trade secrets in court battle
- GRP spent £60m on 18 deals in 2020
- Ian Donaldson lifts lid on Atlanta's Marmalade deal
- Ethos Broking buys London-based Chambers and Newman
- Aston Lark buys DNA Insurance
- Interview: A niche focus
- Partners& appoints Aaron Devitt to newly created role