Profits treble at NFU Mutual in 2016


NFU Mutual has posted a profit for 2016 of £1.03bn, nearly three times the £359m achieved in 2015.

The rural insurer confirmed it had benefited from benign weather and a strong investment performance.

The provider described the year as "very good for stock markets and commercial property" as it revealed that overall investment assets under management by the group increased by £2.5bn in 2016 to £18.8bn.

The underwriting profit slipped to £151m for the year from £281m in the previous 12

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