Co-op reports insurance profit despite £55m weather losses
Co-operative Financial Services has announced a general insurance technical profit of £22.6m (2006: £18.9m) for the 28 weeks up to 28 July 2007, with an improving combined ratio.
The group announced a total profit of over £90m for all of its financial services operations, but added that the CFS profit including exceptional weather claims costs of approximately £55m was £38.0m
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