LV sees 85% drop in underwriting profit in H1 2016
LV Group has described its H1 2016 GI results as ‘solid’, despite an 85% drop in underwriting profit and a 69% drop in operating profit from the same period last year.
The group claims that the drop in operating profit, which fell to £22m from £70m in H1 2015, is a result of a "number of favourable one-offs that have not repeated this year".
The group highlighted
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