NFU Mutual reports first underwriting profit since 2006 but hit by investment losses
Rural and agricultural insurance specialist NFU mutual has reported its first underwriting profit for five years in its 2011 reports and accounts.
However, despite its combined operating ratio improving to 91% (2010: 115%), the company recorded a loss after tax of £47m (2010 £132m profit), which the group attributed to "unrealised losses" on its
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