Ageas UK exits life market as net profit drops £22.8m
Storms in the first half of 2014 led to a net profit loss for Ageas UK of £22.8m despite strong second quarter results.
Ageas UK reported net profits of £26.3m (H1 2013: £49.1m) with second quarter profits of £30.8m.
The insurer's overall combined ratio also deteriorated to 100.7% (H1 2013: 96.3%) but improved from 106
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