LV= announces 2019 interim results

New business sales of £710m, down from £970m over same period in 2018

clock • 2 min read

Mutual insurance, retirement and investment group LV= announces its interim results for the six months ending 30 June 2019

Strategic highlights include the appointment of Clive Bolton and Debbie Kennedy to lead the savings and retirement, and protection businesses, respectively, as well as plans to convert to a mutual company limited by guarantee. Another key strategic highlight is the sale of LV='s general insurance business to Allianz, planned to go through at the end of this year, removing the group from the general insurance market. Richard Rowney, LV= group chief executive, provides commentary around the interim financial results:  "We continue to deliver value for our members and the annualised return ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Insurer

Partner Insight: The Performance Gap

Partner Insight: The Performance Gap

Why operating model adaptability determines competitive outcomes in insurance

Sapiens
clock 21 May 2026 • 3 min read
Allianz makes four senior appointments to health business

Allianz makes four senior appointments to health business

Employee benefits, IPMI roles

Cameron Roberts
clock 18 May 2026 • 1 min read
61% of UK adults worried about being diagnosed with cancer: Vitality

61% of UK adults worried about being diagnosed with cancer: Vitality

Evolving protection needs

Cameron Roberts
clock 18 May 2026 • 1 min read