Profits down one third at UK General for 2016/17

Karen Beales

UK General has posted an operating profit of £6.05m for the year ending 31 March 2017.

This was a 36.3% drop from the £9.5m achieved in the previous year.

According to the Leeds-based insurer the fall reflected structural and investment changes to the business during 2016.

During the period the firm switched its major capacity provider from Ageas to Great Lakes and prepared for a sale to JC Flowers which ultimately completed this May.

Despite the changes net written premiums still increased

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