Covéa Insurance's pre-tax profit falls by 26% to £15.7m
The provider's financial results for 2015 show that GWP and COR improved.
Covéa Insurance's profit before tax fell by 26% to £15.7m in 2015 compared to £21.3m for the preceding year according to the provider's financial results.
The insurer said the fall in pre-tax profit reflected a reduced level of investment income which fell by £8m as a result of lower yields and market movements.
Covéa's gross written premium rose by 6% to £473m in 2015 (2014: £445m) while its combined operating ratio (COR) improved to 96.9% (2014: 97.8%)
Market rates
The provider said it
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