LV's GI GWP fell by £40m in 2013
Declining motor rates saw total GWP for 2013 down on previous year.
LV has reported gross written premium (GWP) of £1.45bn in its general insurance (GI) business in 2013.
This is down on the group’s 2012 GI results, when GWP was £1.49bn. Of 2013's total GWP, £621m came through the broker channel compared with £655m the previous year.
Private motor policies were by far the biggest contributor to GWP, bringing in £1.05bn for the provider, although this was a reduction on the £1.14bn posted in 2012.
This was despite growth in the number of in-force motor policies
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