ERS reports 9% growth in 2019 half year results

ERS-2019-first-half-results

ERS, the specialist motor insurer, grows 9% in the first half and delivers £3.1m profit.

The 2019 half-year results, which report GWP of £182m (£167m in 2018) reflect ERS’ capability to discover and grow new segments of specialist motor insurance. The Combined Operating Ratio (COR%) of 102.8% (96.6% in 2018) reflects the change in the discount rate to -0.25%. A strong first half investment income line helped offset the change in the discount rate.

To view the full interim results from ERS, click the link below…..

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