LV= announces interim results
LV= has reported its financial results for the first six months of 2009.
The firm saw gross written premiums soar by 92% to £397.5m, including a 61% rise in general insurance products to £106.9m.
Its Life and Pensions business saw annual premium equivalent increase by 14% to £45.2m
Group chief executive Mike Rogers has welcomed the results, stating that the firm managed to achieve operating and sales profits in spite of the continuing challenges of the operating environment.
He also praised the strong underwriting performance of LV=’s general insurance business, which together with robust sales helped to offset low investment returns.
The strong financial performance comes after the firm won a pair of Consumer Intelligence Gold Awards for its motor and home claims service, and in February LV= won Which? Magazine’s People’s Choice award for its car insurance claims handling.
Category: Financials, Insurance News
Visited 1457 times, 3 so far today

Comments (0)
Trackback URL | Comments RSS Feed
There are no comments yet. Why not be the first to speak your mind.