DAS returns to profit as it prepares for new legal landscape
The legal expenses provider wrote premiums and 'other technical income' to the tune of £161.3m in 2011 (£138.9m: 2010), producing a profit after tax of £6.97m compared to a £470,000 loss the previous year.
Chief executive Paul Asplin said: "I am particularly pleased that we returned to profitability last year, as we forecast in 2009, and achieved a result well ahead of the targets we set for the group then.
"Claims frequencies are still very high and awareness of legal protection has grown, so
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