Co-op insurance profits up ten-fold despite 'disastrous' year
The Co-operative has seen insurance profits leap upwards in 2013, with the mutual attributing the boosted results to improved claims experience and strong performance of its home portfolio.
The full year results for 2012 saw Co-op post a pre-tax operating profit of £3m, but last year saw this surge to £33.6m.
The result comes in spite of investment returns almost halving from £74.8m in
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