Co-op Insurance operating profit up 346%
The Co-operative Insurance has reported a vastly improved operating profit of £30.3m in the first half of 2011 compared to the same period in 2011 (£6.8m).
Profit after tax was £20m compared to a loss of £2.4m in the first half of 2011 and the combined operating ratio came in at 98.4% (H1 2011: 112.5%).
Gross written premium fell by 21% to £284.5m (H1
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