There is a grim calculus for insurers handling coronavirus claims, laid bare by Legal & General’s half year results. It paid out £36m in life insurance claims to the families of those who sadly died from Covid-19 – but made a £32m gain from mortality, as it will pay out pensions for fewer years than expected as the elderly pass away.
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Legal & General paid out £36m in Covid-19 related life insurance claims but also made a £32m gain