Claims from the club’s own members and those from other mutuals sufficiently large to be pooled remained at a low level, with a reduction in the West of England’s share of contributions to the pool to 5.8% also helping.
Underwriting remained just the wrong side of break-even with the combined ratio at 100.3%. However, this is better than last year and markedly improved on the 130% level of five years ago.
An
