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Mar 12 2020, 07:20 GMT
2019 was an exceptional year, boosted by the three tailwinds of favourable investment markets, prior-year reserve releases and benign weather. Near-term underwriting profits will remain supported by prior-year releases, but overall weak investment markets see us lower our profit forecasts by 14% in 2020 and 5% in 2021. Continued efforts to generate disciplined growth and tackling surplus capital will be key priorities facing a new CEO.