Underlying profit drops at Esure amid challenging market in 2015
Esure recorded a deterioration in its combined operating ratio to 97.8% in 2015 (FY 2014: 91.9%) as underlying profit dipped by 22.7% to £82.9m (FY 2014: £107.2m) amid “highly competitive” market conditions.
The drop in underlying profit was recorded alongside a 29.7% rise in profit before tax to £134m (FY 2014: £103.3m) and an increase in gross written premiums, which were up 6.3% to £550.3m (FY 2014:
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