Ecclesiastical reports £59.7m loss after Covid-19 hit


Ecclesiastical Insurance has posted a pre-tax loss of £59.7m for the first six months of 2020.

This is compared to a pre-tax profit of £42.8m in H1 2019 and the provider stated that the loss was due to the impact of Covid-19 on financial markets including an investment loss of £48.9m.

Its underwriting loss for the time period was £1.3m (H1 2019: profit of £9.5m), while the provider’s combined operating ratio for H1 2020 deteriorated to 101.1% from 91.4% in the first half of 2019.

According to

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: