Reuters logo
BRIEF-Esure comments on Lord Chancellor's decision to change discount rate for personal injury damages
February 27, 2017 / 8:01 AM / 9 months ago

BRIEF-Esure comments on Lord Chancellor's decision to change discount rate for personal injury damages

Feb 27 (Reuters) - Esure Group Plc

* Comment on lord chancellor’s decision to change discount rate for personal injury damages

* Group continues to expect its combined operating ratio for 2016 to be within its original guidance of 98-99%

* Will see a further net impact of £1M in 2017 on reserve margins

* Group’s capital position in 2017 will be impacted by £2m

* Group’s 2016 solvency position will be in upper half of its stated risk appetite

* 2016 gross written premiums up 19% to £655 mln

* In-Force policies for 2016 up 9% to 2.2 million (2015: 2.0 million)

* group’s 2016 profit “will be ahead of market expectations largely driven by a strong investment return” Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below