Arista reports 21% rise in income for H1 2010
Commercial lines underwriting specialist Arista Insurance has recorded a 21% increase in income in the first half of 2010, compared with the same period last year.
It followed the announcement earlier this year that despite reporting a £1.5m operating loss for the whole of 2009 it had recorded an EBITDA profit in the second half of 2009.
Aritsa's gross written premium increased to £33.2m for H1 2010 (H1 2009: £27.4m) while profit before tax rose to £60,000 (H1 2009: £800,000 loss).
In a statement, Arista said: "Growth has continued into 2010 and is in line with Arista’s aim to achieve a consistent trading profit in year four, while maintaining underwriting
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