March 7, 2018 / 7:28 AM / 2 months ago

UK insurer esure's full-year pretax profit rises 35.6 pct

March 7 (Reuters) - British insurer esure Group Plc reported on Wednesday a 35.6 percent rise in full-year pretax profit, driven by an increase in demand for its motor insurance products.

The company, which provides insurance products to nearly 2 million drivers, home owners, pet owners and holiday makers across the UK, said pretax profit from continuing operations rose to 98.6 million pounds ($137.0 million) in 2017 from 72.7 million pounds a year earlier.

Analysts on average were expecting a profit of 96.5 million pounds, according to company-compiled estimates.

Gross written premiums rose 25.2 percent to 820.2 million pounds in the year and was above analysts’ average estimate of 813 million pounds. ($1 = 0.7196 pounds)

Reporting by Noor Zainab Hussain and Arathy S Nair in Bengaluru; Editing by Amrutha Gayathri

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