Investment returns save Ecclesiastical as COR worsens

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

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.

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].uk

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]

To continue reading...

Sign In

Access Insurance Age

You are currently on corporate access.