Brit Insurance Holdings announces profit

Brit Insurance Holdings announced a £52.5m profit before tax for its interim results to 30 June 2004, an increase of some £21.5m on 2003. The insurer posted a group combined ratio of 86.9%, a small improvement of 0.1% on last year's results, while underwriting profit increased 92.2%, from £42m to £80.8m. Net unearned premium reserves rose by 44.7% to £675.3m, from £466.7m in December 2003.

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