L&G reports 4% increase in protection business for H1

Legal & General has reported £663m gross premium protection income during the first half of 2018, up from £609m during H1 2017 - an increase of 4% - with new business annual premiums of £87m (compared to £86m for H1 2017). During the first half of 2018, Legal & General Insurance (LGI) gross written premium (£1,360m) grew by 3%. "We remain a leading provider of retail protection in the UK, delivering straight through processing for more than 80% of our customers," said the firm. Its direct distribution channel continues to "perform strongly", L&G reported, delivering retail protecti...