Lloyds Bank PPI sales fall 23% in H1 2010 results
Lloyds Banking Group has reported that profit before tax and fair value unwind from its general insurance increased by 5 per cent to £195m in the first half of 2010, "due primarily to lower claims and reduced operating expenses".
It added underwriting income for home insurance showed modest growth of 1 per cent to £455m (H1 2009: £450m); whilst home commission payable at £70m (H1 2009: £46m) was adversely impacted by the
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