Storms to cost Ageas £46.1m as FY profit slides
Ageas estimates it will pay £46.1m worth of claims following the December 2015 storms and floods, taking its 2015 combined ratio to 102% (2014: 99.8%).
In its full-year 2015 results published today (17 February) the insurer recorded a net profit of £21.4m, a significant drop on the 2014 result of £80.4m. Ageas said the 2014 figure included a one-off
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