L&G points to direct sales growth in Q1 despite 2% fall in GWP
Legal & General has attributed disciplined pricing for a 2% drop in gross written premium of £84m in the first quarter of 2014 compared to £86m in the same period last year.
The GI performance, which was said to reflect growth in direct sales despite restraint in pricing, comes against a backdrop of a 21% increase in group net cash generation to £301m (Q1 2013: £249m).
Gr
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