The insurer has reported an increase in groww written premium in its London Market and UK operations
But personal lines make up some of the shortfall
In the UK, the insurer says it is focused on improving the quality of its earnings
Oval chairman, Oliver Stocken, said that the past 12 months "have probably been the most difficult any of us have encountered in our careers".
However, the company has heralded the success of Swiftcover
Dane Douetil, chief executive officer of Brit Insurance Holdings, said the UK business is continuing to make good progress