Insurance firm LV= reported a £107M pre-tax profit in 2022, turning around from a £145M loss in 2021.
Insurance firm LV= reported a £107 million pre-tax profit in 2022, turning around from a £145 million loss in 2021. The company maintained steady costs, leading to £30 million in bonuses for members. LV= attributes the positive outlook and strong foundation to its resilient business model and disciplined strategy, despite external factors like high inflation, rising interest rates, and low growth.
March 22, 2024
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