Profits down at esure

Bag of money

Provider reports drop in GWP for 2014.

Esure has reported falls in gross written premium (GWP) and profit after tax, according to its financial results for the year ended 31 December 2014.

The group's GWP was £517.8m in 2014, compared to £535.8m in 2013, which is a decrease of 3.4%.

Profit after tax for the whole company was £82.4m last year, dropping 11.6% from £93.2m in the preceding year.

Motor
The group's combined operating ratio (COR) for 2014 was 91.9%, which is a slight increase from 89.7% in 2013.

In its motor division, GWP

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