Restructuring costs weigh on Ageas' 2019 profits
Ageas UK saw its profitability slump by 21% last year, reporting full-year profits of £60.3m compared to £76.7m in 2018.
The insurer’s combined operating ratio deteriorated to 98.7%, from 96.8% the previous year, owing to claims inflation and above average large losses in its motor book.
The full-year result also
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