NFU Mutual sees underwriting profit drop 46% in 2016


A bumper year for stock markets and commercial property helped the rural insurer deliver overall profits of £1bn in 2016 however, compared to £359m in the previous year. NFU Mutual increased its overall investment assets by £2.5bn in 2016 to £18.8bn. Lindsay Sinclair, group CEO, said: "Because we're a mutual, running our business in the long term interest of our members, we'll be sharing our financial success with our members. "All our general insurance customers, around a million people wi