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

Big losses see Amazons shares hit 12-month low

Provider confirms it has not yet found a replacement for former CEO Stuart Vann who left the business in January last year.

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Meet the MGA feature: Arc Legal 

Arc Legal CEO Lee Taylor outlines the value in having a supportive parent of the scale of AmTrust; and why it makes sense to keep an eye on legislation and social changes in order to innovate and develop new products.

Most read articles loading...

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: