Insurer Esure meets its forecasts despite extra £3m weather costs

Kate McCann
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INSURER Esure broadly met analyst expectations yesterday, revealing first quarter results that show a 9.5 per cent rise in in-force policies year on year, despite flat gross written premium numbers overall.

Gross written premiums totalled £123.5m compared to £124.2m in the first quarter of 2013, with both motor and home sales down 0.5 per cent and one per cent respectively.

Bad weather over the winter cost Esure an additional £3m compared to normal costs, but this was at the lower end of expectations.

Chief executive Stuart Vann said: “Our outlook for the remainder of 2014 is unchanged.”