Ecclesiastical profit falls more than a third
Insurer Ecclesiastical has announced profit for 2010 of £50.4m – down 36% on the same figure for 2009 (£79m).
As part of its results, the firm also reported an underwriting loss of £5.9m (2009: £27m profit) and a combined operating ratio of 102% (2009: 89.6%).
However, Ecclesiastical revealed a general
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