Esure reveals fourfold increase in profit
Insurer Esure has reported an operating profit up more than fourfold to £80.8m (2010: £18.6m) on a combined operating ratio down to 94.6% (2010: 114.5%).
The company hailed "a significant reduction in the loss ratio following two years of rating, underwriting and counter-fraud action". Esure's net loss ratio was down to 66.8% (2010: 91.5%).
Gross
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