Lloyds credits dry 2013 for 11pp COR improvement
Lloyds Banking Group’s general insurance business has attributed a reduction in weather related claims during the first half of the year for an improvement of 11 percentage points in its combined operating ratio.
The COR of 69% (H1 2012: 80%) is reflected in a reduction in the number of claims lodged in the opening half the year, which were down to £148m from £233m in the same period of 2012, a reduction of 36
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