Ageas UK sees profit again hammered by Ogden
Ageas UK saw its pre-tax profit fall by 56% as it said it still had €5m (£3.8m) to pay in relation to the Ogden rate change.
The insurer posted €28.7m pre-tax profit in the first nine months of the year, down from €65.7m in the same period last year.
It’s combined operating ratio declined to 103.7%, from 99.7%. Excluding
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