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NUI fails to hit group COR target as profits halved

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Norwich Union's general insurance and health profits for the first six months of 2007 have halved in the wake of recent flood losses to £284m (2006: £560m).

Net written premium was also reduced from £3.13bn in 2006 to £2.95bn according to results published this morning.

Overall parent Aviva reported - general insurance and health profit down 34% to £560m

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