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General Accident says 2016 performance "fair"

General Accident says despite the many challenges, its performance for the 2016 financial year was fair.
    
Gross written premiums grew by three per cent to $6.3 billion, the 18th year in a row that the company has grown its gross written premiums.
     
In 2016, the company’s claims expense increased by eight per cent to $751 million.
    
This resulted in General Accident underwriting profit being the lowest over the last eight years.



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