Ageas UK records 5.6% profit rise
Insurer posts improved net income and overall COR figures for the first nine months of 2013.
Ageas UK posted a 5.6% net profit increase to £73.7m for the first nine months of 2013, up on the £69.8m recorded for the same period last year.
The provider saw total income rise by 6%, coming in at £1.6bn, compared to £1.5bn in 2012.
For general insurance Ageas Insurance's net profit edged up to £49.3m, a 2.2% increase which the insurer stated was "despite a challenging motor market".
Gross written premiums (GWP) slipped by 2.9% to £829.2m from £854m but the insurer's combined operating ratio
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