Ageas' Tesco Underwriting posts £7m profit after Q1 loss last year
Tesco Underwriting, Ageas' household and motor partnership with Tesco Bank, generated a pre-tax profit of £7m in the first quarter compared with a loss of £4m last year.
Tesco Underwriting also reported gross written premium of £145.5m compared with £133.2m last year.
Ageas achieved a total non-life insurance pre-tax profit of £22m in the first quarter, an increase of
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