LV sees dip in half year broker figures
Results reveal slight fall in broker-placed GWP to £312m but commercial sales jump 22%.
LV has reported a decrease of £13m in broker-sourced gross written premium (GWP) to £312m for the first six months of the year.
Overall group GWP for general insurance came in at £720m (H1 2013: £748m).
By product across all distribution channels, the insurer revealed that private motor GWP dipped to £495m as the number of in-force motor policies dipped to 3m (H1 2013: 3.1m).
Meanwhile home revenues increased to £89m from £75m in the same period of 2013.
Commercial rise
Commercial insurance
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