Lloyds Bank GI profits hit by early 2014 storm claims
The impact of storm claims in the first quarter of 2014 and the continued run-off of legacy books resulted in Lloyds Banking Group posting a £41m drop in underlying profit for its general insurance business last year.
The bank's GI business recorded a drop in profits from £297m in 2013 to £256m for 2014.
Gross written premium for Lloyds' GI unit totalled £1.20bn last year, an 8% reduction on the previous years'
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