Abbey Protection reports increased profit and GWP
Abbey Protection has reported a 3% improvement in its profit before tax, up to £5.2m for the first six months of 2012.
The result was up on the £5m reported for the first half of 2011.
Gross written premium (GWP) also grew, from £6.22m in the first half of 2011 to £7.05m in the first half of 2012.
And revenue increased by 5%, from £18.3m in the first six months of 2011, to £19.2m in the same period of this year.
Income generated by the group’s intermediation activity comprised more than 25% of total revenue, at £5.4m, up from £4.9m last year.
Caution
Colin Davison, chief executive, commented: “We approached 2012
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