Legal & General GI arm sees COR improve to 84%
Provider attributes COR progress to "strong underwriting discipline".
Legal & General’s general insurance (GI) arm has reported gross written premium (GWP) of £375m for 2013, up from £349m in 2012.
The division also posted an improved combined operating ratio COR of 84%, compared with 95% for the preceding year.
The GI operation made an operating profit of £69m, more than double the £30m reported in 2012.
This improvement in COR and profitability was attributed to “strong underwriting discipline, improved claims handling and, despite the December floods, more
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 info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk 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 info@insuranceage.co.uk
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 info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Dual to open two UK offices as McGinn’s regional push gathers pace