UK profit for Ecclesiastical slips to £20.4m
The results for 2019 showed a decrease in profits but GWP grew by 3.6% to £257m as broking division makes a loss.
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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