Esure profit up despite £8m flood loss
Esure has reported £60.2m in operating profit in the six months ended 30 June 2012 (H1 2011: £41.3m) and improvements to its loss ratio and combined operating ratio, despite the June floods adding £8m losses and 3.4% to the COR.
The loss ratio improved to 70.4% (H1 2011: 71.7%) while the COR was 92.7% (H1 2011: 96.7%). Gross written premium increased by 2.9% at £249m (H1 2011: £242m).
Total in-force policies rose 3% in the
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