Esure records 16.9% post-tax profit rise to £44.3m
Esure Group saw its post-tax profit jump 16.9% to £44.3m for the first half of 2013, up on the £37.9m recorded for the same period last year.
Pre-tax profit for the provider was also up 15.2% to £56.9m (H1 2012: £49.4m) while gross written premiums crept up 6.7% to £265.4m (H1 2012: £248.8m).
The interim results were the first posted by the insurer since it floated on the London Stock Exchange earlier this year.
And its combined operating ratio improved to 89.6% (H1 2012: 94.4%) as the insurer posted a trading profit for both motor underwriting (£18.3m) and home underwriting (£6.6m).
While the group said it had not been "immune" to
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