Operating losses grow to £17.4m for Das in 2016
Figures show growth in GWP but COR remains north of 100%.
Legal expenses insurer Das has posted an operating loss of £17.4m for 2016, an increase on the £11.4m operating loss it made the previous year.
The combined operating ratio was the wrong side of 100% hitting 110.6% however this was an improvement on the 119.6% reported in 2015.
The loss after tax more than doubled to £13.8m (2015: £5.7m).
However the provider’s gross written premium actually went up to £130m from £110m.
Das noted in the filing at Companies House that the change was partly
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