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LV CEO predicts 2014 motor recovery following £40m GWP drop

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LV has recorded a £40m drop in general insurance gross written premium for the 12 months ended 31 December 2013 while total in-force policies grew by 300 000.

The mutual released a trading statement today ahead of its full results report scheduled to be released on 31 March.

Total GWP decreased from £1.49bn in 2012 to £1.45bn in 2013. GWP for the firm’s

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