LV's GI operating profit more than doubles in first half of 2017
Operating profit hits £49m compared to £22m in the first half of 2016.
LV’s general insurance business has delivered a combined operating ratio of 93.6% for the first half of 2017, an improvement on the 98.5% posted in the first half of last year.
Gross written premium was up 4% for the six months to £817m (H1 2016: £785m).
The gains came as operating profit in the division more than doubled to £49m from £22m recorded at the start of 2016.
The insurer said growth was mainly driven by stronger underwriting performance in motor which shot up from £8m in the first
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