But direct business enjoys 16% boost
Legal & General’s general insurance business reported gross written premiums (GWP) of £81m in the first quarter of 2015, down 4% on the £84m it wrote in last year’s first quarter.
The company attributed the dip to “disciplined pricing”.
But it added that its direct general insurance business grew its GWP by 16% to £22m (Q1 2014: £19m) as a result of “enhanced digital capabilities”.
Despite the falling GWP overall, L&G said its general insurance business had made an increased contribution to the group’s operational cash generation.
L&G’s group operational cash generation for the quarter was up 11% to £330m (Q1 2014: £297m).
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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