Holweger sees “huge opportunities” with brokers for L&G
Provider chief hails “strong profit performance” and growth.
Mark Holweger, managing director for intermediated business at Legal & General (L&G), has highlighted "huge opportunities" with brokers over the coming 12 months.
The upbeat claim came as the insurer reported gross written premiums of £377m for 2014 along with a combined operating ratio (COR) of 87%.
However operating profit in the insurance unit dropped 14.5% from £69m in 2013 to £59m last year.
The group achieved a 9% rise in post tax profit to £992m with net cash generation up 10% to £1.1bn
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