First-half pre-tax profits at Brit Insurance more than halved in the first half of the year as the group's investment return dwindled to just £2.1m, down from £55.9m a year before.
Net earned premiums for the period dropped to £544.5m, down from £570.6m a year earlier. The combined ratio deteriorated slightly to 89.4% from 87.7% last year.
Dane Douetil, chief executive at Brit, said: "I am delighted with the continued strong performance in our core business of underwriting, with all three business
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