Ageas UK pushed into loss as weather bites in Q1
Ageas’ UK operations suffered a £23.5m hit from storms Dennis and Ciara, which drove it into a loss after tax of £2.7m for the first quarter of 2020.
The weather hit pushed the insurer’s combined operating ratio to 107.1%. This was a large deterioration on Q1 2019, when it saw a COR of 95.5%.
Its home, motor and commercial lines books of business
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