Flagging personal lines see Covéa's profits slashed
Covéa Insurance saw its underwriting profit slashed to £1.8m in 2018 compared to £12.4m in 2017, as its personal lines business felt the impact of claims inflation and adverse weather.
The company’s combined operating ratio worsened 2.2% to 99.7% compared to 97.5% in the previous year, with loss-making personal lines outweighing commercial lines profits.
Personal lines motor
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