Profits up for Zurich UK in 2016
Operating profits up to £147m as COR recovers over 12 points to 97.1%.
Zurich UK has posted an improved general insurance result for 2016 revealing business operating profit on £147m, a £209m increase on the £62m lost in 2015.
The combined operating ratio also improved to 97.1%, 12.4 percentage points healthier than the 109.5% posted the previous year.
These results came as gross written premium actually fell from £1.6bn to £1.5bn.
UK chief executive officer Tulsi Naidu said: "Both general Insurance and life delivered solid results for 2016. This means we have
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