LV’s H1 profits climb 7% but premiums continue to fall
Prior-year claims run off has seen LV notch improved operating profits for the first six months of 2014 in spite of continued decreases in motor insurance rates.
The firm saw general insurance profits climb 7% to £46m from £43m in the same period of 2013.
Underwriting profits also moved upwards, increasing 24% from £17m to £21m, while the combined ratio moved
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