Ageas boosted UK gross written premiums by 49% within the first half of 2024 to €992m (£835m) citing buyer development and price will increase primarily in motor with “strong underwriting profitability”.
The hike adopted on from a 20% GWP surge in 2023.
The supplier didn’t provide a full breakdown of UK figures in its group outcomes.
Within the European division, the place the UK sits alongside Portugal and Turkey, however not Belgium, non-life GWP jumped 35% to €1.75bn.
The breakdown confirmed motor made up €1.04bn of the overall, with dwelling insurance coverage contributing €306m. Accident and well being together with ‘different’ made up the remainder of the premiums.
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In line with the insurer, the unit’s mixed working ratio improved
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