UK profit for Ecclesiastical slips to £20.4m

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Insurer Ecclesiastical has commented on a “favourable” result for the full year 2019 in its results posted on Companies House.

The figures show that its UK & Ireland general insurance underwriting profit was £20.4m, down from £29.4m the previous year.

The insurer pointed to a favourable performance for its liability book and a solid outturn on its property book and said the reduction was due to significantly lower prior year releases.

The business also filed a 6.2% increase in GWP from £242m

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