Ageas shakes off Ogden impact to return to profit
Ageas UK has seen a return to profit after a year of being hammered by the residual impact of the Ogden rate change.
The insurer saw a pre-tax profit of £30.4m for 2017, a dramatic improvement on losses of £151.3m in 2016.
However, its combined operating ratio remained in the red at 103.2%, albeit up on the 112.2%
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