Brit Insurance announces record pre-tax profit

Brit Insurance has announced a record pre-tax profit of £102.5m for the year ended 31 December 2004. This represented a 32.1% increase from the £77.6m recorded in 2003. The insurer said it was pleased with its combined ratio performance, which deteriorated to 92.5% from 88.5% in 2003, despite a severe natural catastrophe year. The insurer also posted a strong investment performance of £77.3m, up from £50.9m in 2003. Dane Douetil became the chief executive officer at the AGM in April. Neil

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: