LV predicts ‘satisfactory' full year results as Q3 GWP declines
LV has reported decreased general insurance gross written premiums for the nine months ended 30 September 2014 in both its direct and broker channels as group CEO Mike Rogers says the insurer is on track to achieve "satisfactory" results at year-end.
Overall, general insurance GWP fell to £1.08bn (Q3 2013: £1.13bn). The insurer's direct channel saw GWP decrease from £644m in Q3 2013 to £616m this year and GWP in the broker channel dropped to £464m
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