Esure reports £15.4m pre-tax loss for "disappointing" 2018

Big losses see Amazons shares hit 12-month low

Esure has posted a pre-tax loss of £15.4m in 2018, down from a pre-tax profit of £98.6m in 2017.

In addition its combined operating ratio (COR) deteriorated to 111.8% (2017: 96.7%).

However, the business reported an increase in gross written premiums (GWP) to £862.2m from £820.2m in the preceding year.

Looking at its motor division, Esure posted a 5.1% increase in GWP to £771.4m (2017: £734.3m) and an underwriting loss of £74.5m (2017: profit of £24.9m), which it said was driven by claims

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: