Ageas increases profit despite underwriting losses
Ageas has increased its bottom line by 17.3% during the first half of 2013 despite household being the only core line of business making an underwriting profit.
The insurer posted net profits of £49.1m, up from £41.9m for the first half of 2012. However, it recorded a motor combined operating ratio of 100.7% (2012 H1: 96.4%). The performance of Tesco
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