L&G GI profits slump in H1 as attention turns to bolt-on acquisitions
Legal & General has attributed weather claims totalling £12m in the first quarter of 2014 for a slump in the general insurance division’s operating profit to £28m in the first half of the year (H1 2013: £39m).
Declining profits come against a backdrop of dwindling gross written premiums, which were down to £178m from £183m at the same point last year, while the GI unit's combined operating ratio also
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