UK general insurance operating profit increases 26%, group results show
Zurich’s UK general insurance business reported a combined operating ratio of 95.5% in 2014, group results show.
This is a 2.9 percentage point improvement on the 98.4% it reported in 2013.
The UK general insurance business operating profit in 2014, as reported by the group this morning, was $282m (£185m), up 26% on the $224m reported for 2013.
The underwriting profit more than tripled to $119m from $38m.
Gross written premium increased by 7.7% to $2.8bn (2013: $2.6bn).
More to follow.