Esure H1 profits down on weather losses

Underlying profits before tax at UK-listed motor carrier Esure
dropped 1.9 percent to £45.6mn ($59.9mn) in the first half of
2016, as a deterioration in the loss ratio and adverse weather
events affected its combined ratio.
The measure worsened by 3.4 percentage points to 99.2 percent
after being hit by £3.3mn of higher weather claims, which were
only partially offset by £1.7mn of reserve releases.
Esure said the result was largely driven by a number of adverse
weather events,