THB sees profits rise in first half
THB Group has announced its unaudited half-year results for the six months ended 30 April 2010.
Broking profit rose by 21% to £3.9m (H1 2009: £3.3m). Underlying profit increased to £1m (H1 2009: £0.8m) while profit before tax grew to £3.1m (H1 2009: £2.4m).
In a statement THB said it had seen modest rate rises in motor and professional indemnity classes, but the timing of a general market hardening remained difficult to predict. It added that recessionary pressure continued to impact insured values and excess levels.
Frank Murphy, group CEO, said: "This has been a constructive six months
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