Covéa sees GWP and profit rise
Insurer's combined operating ratio improved to 97.8%.
Covéa Insurance has reported a 15% increase in gross written premium (GWP), according to its financial results for 2014.
The insurer's GWP was £444.99m in 2014, compared to £385.84m in the preceding year.
Its profit before tax increased to £21.26m in 2014 compared to £15.19m in 2013.
Covéa's combined operating ratio (COR) also improved slightly to 97.8% last year (2013: 98.7%).
Flooding
The insurer said it had delivered strong growth in personal lines with increases of 25% in motor written
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