Ageas reports 94.6% COR
The provider said Q3 numbers were “healthy” and reflected lower claims frequency and strong prior year releases.
The Ageas UK numbers for the first nine months of 2020 showed a reduced result after tax but improved combined operating ratio (COR).
The figures showed a £10.5m drop compared to the same period in 2019 in the result after tax with £47.7m recorded this year.
Gross inflows also slipped to £945.3m, an increase on the £929.7m reported the previous year.
COR improved to 94.6% (2019: 97.0%).
Claims
The business flagged that the combined ratio and net result over the third quarter benefitted from
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