What do our results mean for you?
This month, we announced our interim half-year results for 2019. UKGI business remains strong growing our Net Written Premiums (NWP) by 2% and with a Combined Operating Ratio (COR) of 95.7%.
Overall our broker business performed well and our commercial business delivered some exceptional organic growth, with NWP up 7%. The trading environment for personal lines has been challenging as claims inflation, Ogden and a highly competitive market has been a headwind to our performance.
We remain committed to all parts of the broker market, our growth is broad based across both regional and larger international brokers, and we don’t anticipate moving in and out of markets. As Phil mentioned on results day “brokers want us to be consistent and show appetite to help them grow their business.”
Your support is crucial to our long-term success and I’d like to thank you for your commitment and look forward to working closely with you in the future.
Karen Jackman, Director of Regional Broker, Strategy & Propositions
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