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Financial Performances and Premiums Update
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Overview
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Legal & General reports a slight increase in operating profit to £1.67 billion for FY23, while Greenlight Re showcases improved underwriting performance with a FY23 combined ratio of 94.5%. Conversely, COE premiums in Singapore mostly rose except for Category B cars in the latest bidding exercise.
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How might Legal & General's strategic focus on generating £8-9 billion in capital impact its future operations and market positioning?
What factors contributed to the improved underwriting performance of Greenlight Re, and how sustainable is this growth?
What implications do the fluctuating COE premiums in Singapore have on the automotive industry and consumers?
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