Esure has reported a profit slump and a drop in GWP for 2021 as its combined operating ratio soared to 101.2% from 98.8%.
GWP fell to £807.6m from £841.0m in 2020 and it made a total comprehensive loss of £7.1m compared to a profit of £28m the previous year.
This came as the profit after tax of £7.7m was hit by other factors including £17.4m for a change in fair value of available-for-sale financial assets.
Profit before tax was £5.2m (2020: £34.2m) while turnover was also down at £908m (2020
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