Information  X 
Enter a valid email address

esure Group plc (10MT)

  Print   

Friday 08 February, 2019

esure Group plc

Solvency Capital Coverage Ratio Update

RNS Number : 5564P
esure Group plc
08 February 2019
 

esure Group plc

 

8 February 2019

 

 

 

Solvency Capital Coverage Ratio Update

 

esure Group plc ("esure" or the "Group") expects its solvency capital coverage ratio to be in the region of 110% (2017: 155%) as at 31 December 2018.  This follows higher than expected claims costs, against a backdrop of lower premiums across the market.

 

The Group currently expects to be capital generative in 2019 and is taking action to improve its solvency capital coverage ratio. No dividend has been or will be paid with respect to the financial year ended 31 December 2018.



 

For further information:

 

Chris Wensley

Head of Investor Relations & Corporate Strategy

t: 01737 641324

e: [email protected]

Chris Barrie

Citigate Dewe Rogerson

t: 0207 638 9571

e: [email protected]

 

 

Notes

The Group's solvency capital coverage ratio is estimated and unaudited as at 31 December 2018.

 

 

About esure Group plc

esure Group plc ("the Group") is an efficient, customer-focused personal lines insurer, founded in 2000 by Chairman, Sir Peter Wood, Britain's foremost general insurance entrepreneur. The Group is one of the UK's leading providers of Motor and Home insurance products through the esure and Sheilas' Wheels brands.

 

 

Important information

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.         

 

The esure Group plc LEI number is 213800KOI3F5LM54PT80.         

 

The person responsible for arranging the release of this announcement on behalf of the esure Group is Alice Rivers.

 

 

Forward looking statements

Certain statements made in this announcement are forward-looking statements. Such statements are based on current expectations and assumptions and are subject to a number of known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Group or industry results to differ materially from any future events, results, performance or achievements expressed or implied by such forward-looking statements. Persons receiving this announcement should not place undue reliance on any forward-looking statements. Unless otherwise required by applicable law, regulation or accounting standard, the Group disclaims any obligation or undertaking to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
MSCSSAFWAFUSESE

a d v e r t i s e m e n t