SVB Holdings today reported operating profits of £46.7m within its continuing business, 21% down from £56.7m last year
Combined ratio for continuing business was 84.8%, compared to 81.2% in 2003.
Fusion Liability, part of the wider SVB group, declared premium incomes of £97.3m, 10% up on last year's £88.2m. Fusion reported a combined ratio of 90.1%.
The liability business of Novae declared premium incomes of £10.7m and a combined ratio of 104.1%. The SME liability provider did not operate last year.
