Swinton diversification fuels profit hike

Swinton has reported record trading profits of £23.2m for 2004, a 49.6% increase on 2003's £15.5m.

Swinton's chief executive Patrick Smith said: "New business levels have increased by 19.3% and this has been fuelled by growth in enquiry volumes.

In 2004, Swinton achieved a growth in enquiries of 9%. This is against a background of more new entrants in the market ... and the growing trend for customers to shop around on the internet."

Swinton's gross-written premium jumped 7.6% to £403.5m (2003:

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