'Solid results' for Brit Insurance
Brit Insurance Holdings has announced its interim results for the six months ending 30 June 2007.
FINANCIAL HIGHLIGHTS
· Return on equity for the six month period of 12.1% (30 June 2006: 11.9%), annualised 24.2% (23.8%)
· Profit before tax £106.8m (30 June 2006: £106.0m)
· Profit before tax and before exchange adjustments arising from the IFRS treatment of non-monetary items £110.5m (30 June 2006: £118.5m)
· Investment return up 50.5% to £55.7m (30 June 2006: £37.0m). Minimal exposure to sub-prime
· Earnings per share 23.53p (30 June 2006: 22.99p)
· Net tangible assets per share up 6.8% to
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