 | Esure, insurers and why the media have had the wool pulled over their eyes |
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| Posted By : Bill On 09/03/2018 09:00:00 | |
| Esure, the insurer, reported a 35.6 per cent rise in full-year pre-tax profits yesterday to £98.6 million. The increase in profits allowed them to announce a dividend of 13.5p per share. So this is another insurer which has managed to make massive profits despite the outcry last year when the discount rate was changed to the correct one. I wonder whether the media realise that they had the wool pulled over their eyes last year with all the spin about the unmanageable cost to the consumer of increased compensation. | |
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