Treloar says LV half year results are solid
MD highlights turnaround in broking arm with operating profit of £3m replacing loss of £19m in all of 2015.
Steve Treloar, managing director for general insurance at LV, has described the insurers results for the first half of 2016 as "solid" and said despite the topline numbers falling he was "pretty happy" with the figures.
The results showed group operating profits dropped to £33m (2015: £79m) while profit before tax fell to £1m (2015: £49m).
The general insurance operating profit fell to £22m from £70m in 2015.
The dramatically different figures were blamed on one-offs and reserve releases in 2015
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