Ecclesiastical profits reveal impact of summer floods

Pre-tax profits fell from £77m in 2006 to nearly £36m last year and the combined ration soared from a very healthy 88.5% in 2006 to 102.9% in 2007.

The insurer also reported a group underwriting loss of nearly £7m, down from a profit of £27m in 2006.

Despite the results, group chief executive Michael Tripp remained bullish: “There’s no doubt it has been a difficult year for the entire industry. But I’m delighted that we’ve weathered the storm. We have produced another strong profit, further

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact

You are currently unable to copy this content. Please contact to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: