LV posts 31% drop in GI operating profit in 2013
LV’s general insurance business saw its operating profit slashed by 31% to £81m for 2013, amid falling premium income and a decline in investment returns.
Premium income for the division decreased from £1.49bn in 2012 to £1.45bn due to falling rates in motor, while investment returns of 3.2% were down from 5.8% in 2012.
However, the insurer's general
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