LV's operating profit jumps 52% to £70m
Insurer's COR improved to 92.1% according to its half year results.
LV has reported an increase of 52% in operating profit, according to its interim results for the six months ending 30 June 2015.
The insurer's operating profit for the period was £70m compared to £46m in the first half of 2014.
Meanwhile the provider's underwriting profit rose by 152% to £53m (H1 2014: £21m) and its combined operating ratio (COR) improved to 92.1% from 96.9% last year.
In addition, LV's premium income was up marginally at £729m (H1 2014: £720m).
Broker
LV general insurance
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