Insurance Post

Covéa posts £15m profit for 2013 but sees GWP shrink 17%

James Reader

Covéa Insurance posted a technical account profit of £15m for 2013, its first full year results since the merger of the MMA Insurance, Provident Insurance and Gateway Insurance businesses.

The insurer recorded a combined ratio of 98.8% (2012 pro forma: 98.0%).

However, after adjusting the 2012 comparatives to show the full year results of the former Provident and Gateway businesses, the

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