LV's GWP down 4% to £1.39bn in 2014
Insurer says depressed motor premiums affected the business.
LV's gross written premium (GWP) for the 12 months to the end of December 2014 was £1.39bn - down by 4% from £1.45bn in the previous year.
The GWP figure for 2014 consisted of sales through the direct channel of £789m (£824m in 2013), and via brokers of £605m (£621m in 2013).
Private motor made up £948m of GWP in 2014 compared with £1.05bn in the previous year and the respective figures for home are £182m and £155m.
For commercial business, including small- and medium-sized enterprises, GWP was
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