Insurance Post

Ageas profits down on 2013 despite improved Q3

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A leap in Q3 profits has not proved enough to return Ageas' profits to 2013 levels, as the insurer continues to recover from substantial storm claims in the first quarter of the year.

The insurer reported a Q3 net result of £38.5m, up from £24.6m in the same period of 2013.

However, net profits remain down when compared to 2013.

Year to date, Ageas reported a net profit of £64.8m

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