Insurance Post

LV GI sees huge profit rise from underwriting discipline

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LV’s general insurance business saw a pre-tax profit of £164m in 2017, up from a loss of £30m the previous year.

The insurer saw a combined ratio of 91.8% for general insurance, which GI CEO Steve Treloar said was the company’s best ever result for the segment.

Gross written premium increased to £1.6bn from £1

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