Insurance Figures Due Out

Posted August 9th, 2009.

The insurance reporting season continues with Life Insurance and pension giant Prudential and smaller rival Friends Provident the latest to provide half-year figures. Prudential is expected to post half-year operating profits of £1.18 billion, down by 13%, according to Deutsche Bank.The insurance sector has been hit by the down turn but not as badly as other financial institutions. I know personally that I have cut back on my insurances like accident insurance in my house. I also don’t have all the extra insurances for things like my mobile phone and bikes when out and about. I am sure that many have done similar to myself in cutting back during these harder times.