NFU Mutual profit recovers despite £68m in weather claims
NFU Mutual has reported a sharp rise in profit in 2012 to £330m compared to a 2011 loss of £47m despite a 55% fall in underwriting profit to £47m (2011:£105m) after amassing weather-related claims of £68m.
The combined operating ratio deteriorated to 96.1% (2011:91%) although general insurance premium income remained at the 2011 level of £1.27bn.
Group chief executive Lindsay Sinclair said: "In a year
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