Das UK posts profit rise for 2019
The legal expenses provider's COR worsened to 99.2% over the year while GWP fell slightly.
Das UK Group has posted rising profits for the year ended 31 December 2019.
The specialist legal expenses provider revealed a statutory profit of £1.6m in 2019, up from a statutory loss of £10.0m in the preceding year.
In addition, post-tax profit gross of Ergo (Das’s parent company) quota share grew to £11.3m, compared to £2.3m in 2018.
However, its combined operating ratio deteriorated to 99.2% in 2019 (2018: 95.4%) and gross written premium fell slightly to £115m from £118m in 2018.
Das
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