Cox profits in first 'retail' year

Cox Insurance chief executive Neil Utley revealed his company'spreliminary results for 2002 and said...

Cox Insurance chief executive Neil Utley revealed his company'spreliminary results for 2002 and said Cox's broker operations would be keyto the group's ability to ride out the insurance cycle.

Pre-tax profits rose to £42.7m, compared with the 2001 figure of a £240.6mloss, and underlying profits from the group's continuing business were up37% to £50.1m. In line with the company's prospectus, there will be nodividend for 2002. However, Mr Utley said the firm hoped to be in asituation at the interim

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

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: