Ageas weathers declining non-life business

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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

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