Ageas UK reveals 21% net profit fall

heavy-traffic

Ageas UK’s net profit for 2019 fell by 21% to £60.3m in 2019, according to its financial results for the year.

In 2018, the provider posted a net profit of £76.7m, a jump on 2017’s £25.4m.

The business also revealed an increased combined operating ratio of 98.7%, compared to 96.8% in 2018 and gross income of £1.52bn (2018: £1.57bn).

Gross written premium in the general insurance division remained relatively flat at £1.21bn in 2019 (2018: £1.23bn).

Motor
Splitting the numbers up into

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 [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

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: