Ageas weathers declining non-life business
Motor income ticked upwards slightly but other non-life lines have fallen.
Ageas has reported an increase in profit for the first nine months of 2019.
Net profit at the insurer rose 7% to £58.2m from £54.2m over the same period in 2018, with the combined operating ratio improving to 97.0% from 97.5%
However, gross income fell 4% to £1.17bn from £1.22bn in 2018.
Andy Watson, chief executive of Ageas UK, commented: “As the year progresses we continue to deliver a resilient performance, despite a higher level of claims inflation that is consistent with that reported
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 print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Pen inks £150m social housing capacity deal with SiriusPoint