ONS stats show 7% drop in premiums but still in surplus
General insurance companies' premium income fell more than 7% (£0.8bn) on the previous quarter to £10.2bn in the third quarter of 2009, Office of National Statistics (ONS) figures reveal.
Claims remained at the same level in the third quarter at £6.4bn. The total of income and all realised and unrealised gains and losses for the third quarter was £14.2bn compared with total expenditure of £11.5bn resulting in a net surplus of income over expenditure of £2.6bn, or more than 18%.
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