Ageas profits creep up 3% in a year of rates pressure
Ageas delivered a marginal increase in net profits of £85.2m in 2013 (2012: £82.9m) alongside a combined operating ratio of 98.4% (2012: 99.8%) in a year of underwriting discipline amid pressure on rates.
Total income across the business was up 5.2% to £2.17bn in 2013 (2012: £2.01bn), with gross written premium of £1.85bn chalked up by the firm's non-life arm representing a 6.3% improvement on the
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