Insurers’ profits decline by £19bn from pre-crash high
General insurers saw a £19bn profit fall in 2011 from a pre-crash industry high in 2007, PWC research found.
The paper claims that pre-tax aggregate profits have fallen by 45% since 2008. Aggregate pre-tax profits in general insurance stood at £38.3bn in 2007. Having fallen to £17.6bn in 2008, the figures
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