NFU Mutual grows profit by £300m
Profit, premium income and COR all improved at the provider.
NFU Mutual has reported a profit of £635m for 2013. This is compared with £330m recorded in 2012.
The company’s general insurance premium income was £1.29bn (2012: £1.27bn), while underwriting profit came in at £120m, up from £47m in the previous year.
The provider also posted an improved combined operating ratio of 89.9%, compared with 96.1% in 2012.
Lindsay Sinclair, chief executive, said: “I am pleased to report that not only has premium income grown but, despite the negative impact of the
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