Canopius improves COR, GWP and profit
Provider pleased with "sparkling set of results".
Canopius Group has reported gross written premium (GWP) of £866m for 2013. This is compared with £692m GWP posted in 2012.
Post-tax profit also increased, from £49m to £99m, while the combined ratio improved by 10% to 85% (2012: 95%).
The net tangible assets attributable to shareholders grew from £335m to £409m.
Michael Watson, chairman and CEO at Canopius, said 2013 had been a “landmark year” for the business.
He commented: “A sparkling set of results and a fitting finale to our first decade
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