LV's group profits jump 19%

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As a result of this increase, the group confirmed a mutual bonus fund of £20.9m, to be added to eligible with-profit members' policies on payout.

As previously announced, the general insurance arm reported a 53% jump in profit from £76.4m in 2011 to £117.1m in 2012, although its combined operating ratio was impacted by adverse weather, deteriorating from 97.7% to 99.7% in the same period.

Mike Rogers, LV group chief executive, said the 2012 results showed a fifth successive year of growth and

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