Lloyds TSB Insurance profits up 16%
Reporting alongside Lloyds TSB Group, Lloyds TSB Insurance today reported a £34m or 16% increase in Profit Before Tax to £243m in 2006.
Net operating income improved by £34 million, or 6 per cent, as 7 per cent growth in underwriting income was offset by a reduction in broking commissions. Gross written premiums relating to new home
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