Insurer’s results were hit by rising bodily injury claims
Esure’s share price fell 9.6% in trading yesterday after the insurer revealed its results had been hit by rising motor bodily injury claims.
Esure’s share price closed yesterday at 240p, compared with Friday’s closing price of 265.50p.
The personal lines insurer revealed yesterday that its first-half underlying profit before had dropped by 21.3% to £46.5m because of rising small personal injury claims costs.
The insurer’s overall profit before tax increased to £105.4m from £57.1m, but this boost was caused by the acquisition of the 50% of price comparison site Gocompare that it did not already own.