Lloyds bank puts £3.2bn price tag on PPI
Lloyds Banking Group has reported insurance premium income of £8170m (2010: £8148m) with claims of £6041m (2010: £19 088m) but said payment protection insurance provision had cost it £3.2bn.
Lloyds reported that its surplus within insurance businesses was £300m, down from £643m in 2010. Liabilities arising from insurance contracts and participating investment contracts was £78 991m (2010
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