Ageas delivers 49% growth in UK premiums
Ageas boosted UK gross written premiums by 49% in the first half of 2024 to €992m (£835m) citing customer growth and rate increases primarily in motor with “solid underwriting profitability”.
The hike followed on from a 20% GWP surge in 2023.
The provider did not supply a full breakdown of UK figures in its group results.
In the European division, where the UK sits alongside Portugal and Turkey, but not Belgium, non-life GWP jumped 35% to €1.75bn.
The breakdown showed motor made up €1.04bn of the total, with home insurance contributing €306m. Accident and health along with ‘other’ made up the rest of the premiums.
CORAccording to the insurer, the unit’s combined operating ratio improved
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