Ageas reports £82.9m profit as income exceeds £2bn

Ageas UK has increased profit by 11% to £82.9m in 2012 compared to the 2011 figure of £74.7m and a combined ratio of 99.8% (2011: 99.9%)

Total income increased 1.6% to £2.01bn and total non-life gross written premium rose by 1% to £1.74bn.

The insurer has attributed the rise in profit to growth and performance improvement as well as

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