Legal & General GI arm sees COR improve to 84%
Provider attributes COR progress to "strong underwriting discipline".
Legal & General’s general insurance (GI) arm has reported gross written premium (GWP) of £375m for 2013, up from £349m in 2012.
The division also posted an improved combined operating ratio COR of 84%, compared with 95% for the preceding year.
The GI operation made an operating profit of £69m, more than double the £30m reported in 2012.
This improvement in COR and profitability was attributed to “strong underwriting discipline, improved claims handling and, despite the December floods, more
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