NFU Mutual shrugs off £50m flood loss to post 83% 2015 underwriting profit
Rural insurer NFU Mutual delivered an 83.7% increase in underwriting profit to £281m in 2015 (FY 2014: £153m) despite suffering a £50m loss caused by flood claims at the tail end of last year.
The insurer's combined operating ratio for the period also improved significantly, standing at 77.5% (FY 2014: 87.5%), while general insurance premium income increased to £1.36bn from £1.33bn.
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