Pre-tax profits almost double at Ecclesiastical
Provider reveals increase in GWP as COR improves for the first half of 2015.
Ecclesiastical has delivered a whopping 92% rise in pre-tax profit to £35.3m for the first six months of 2015 from £18.4m at the start of last year.
The underwriting profit more than trebled for the period from £3.8m in 2014 to £14.3m this year.
There was also an improvement in the combined operating ratio (COR) for business in the UK and Ireland which came in at 81.9% (H1 2014: 95.7%).
Gross written premium for the region slipped to £115m from £124.7m in the first half of 2014.
The group as a
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