Brit unveils positive 11.5 point COR swing as business takes new direction
The Brit Group has this morning recorded a combined operating ratio of 93.3% for the first six months of 2012 (30 June 2011: 104.8%), having completed a restructure into becoming a focused global specialty underwriter.
The COR figure excludes the effect of foreign exchange on non-monetary items, but today's H2 results show an annualised return on net tangible assets of 15.1%, up from 2% at the same period last year
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