Gable posts 99% profit jump in "strongest results to date"
Provider reported COR of 72% off the back of "very strong trading".
Gable Holdings has reported gross written premiums (GWP) of £58.9m for 2013. This is a jump of 63% from the £36.1m posted in 2012.
The Lichtenstein-based provider increased its profit before tax by 99%, going from £5.7m to £11.4m.
The company also reported a combined operating ratio (COR) of 72%, compared with a 67% COR in 2012.
In its trading outlook, Gable said it was experiencing “very strong trading across all territories”, and also cited numerous new underwriting agreements across European
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