Profits up at esure
Provider reports slip in GWP for first half of 2014.
esure Group has declared pre-tax profits of £57.1m for the first six months of 2014, up 0.4% from the first half of 2013.
The rise at the predominantly motor-focused provider came as the total number of in-force policies crept up to 1.97m.
However despite the increases, gross written premium fell 1.9% to £260.4m for the period (H1 2013: £265.4m).
The insurer's combined operating ratio deteriorated slightly to 90.9% (HY 2013: 89.6%) which the firm attributed "primarily to the severe weather
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