COR drops 11 points while GWP rises 7%
Legal & General (L&G)’s general insurance business made an operating profit of £69m in 2013, up 130% on the £30m it made in 2012.
The insurer’s combined operating ratio (COR) dropped by 11 percentage points to 84% (2012: 95%), which the company attributed to “underwriting discipline, improved claims handling processes and more benign weather despite the December floods.”
Gross written premium also improved, rising 7% to £375m (2012: £349m).
The L&G group as a whole made a profit after tax of £896m, up 12% on 2012’s £798m.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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