Company results
JLT to restructure business to maximise benefits of managing general underwriter Thistle
Jardine Lloyd Thompson (JLT) has announced a 14% rise in fees and commissions to £612.9m in 2009 (2008: £526.1m) while underlying trading profit increased by 28% to £97.1m (2008: £76.2m).
Admiral profits increase by 7%
Admiral has reported a 7% increase in profit before tax to £216m for 2009, compared to £203m the previous year, while turnover rose 18% to £1.08bn (2008: £910m).
Xchanging sees growth in profit and revenue
Xchanging’s results for the year ending 31 December 2009 revealed a 35% increase in revenue, increasing to £750.4m (2008:£557.8m)
Robert Hiscox announces record results: "World belongs to the discontented"
Unveiling record profits, Hiscox's chairman Robert Hiscox vows profitable growth will continue
Allianz profit up and ratio down
In its results for the year ending 2009, Allianz UK has seen a 5.2% boost in IFRS operating profit to £203.7m (2008: £193.6m)
Brit's results show boost in profit and GWP
Brit Insurance has grown 300% in the last year posting a before tax profit of £171.3m excluding the effect of foreign exchange on non-monetary items, dwarfing last year’s £39.6m result.
Jelf looks to raise £17m after reporting operating loss
Jelf has revealed it is in advanced discussions regarding the raising of a possible £17m after reporting an operating loss of £9.7m for the year ending 30 September 2009 (2008: £5.1m).
Moneysupermarket's year end results reveal drop in revenue and customers
Moneysupermarket’s preliminary results for the year ending 31 December 2009 have revealed a 23% drop in revenue to £136.9m (2008: £178.8m) and 26% drop in EBITDA to £36m (2008: £48.8m)
Groupama's UK profits more than halved
Groupama’s results for 2009 reveal combined profitability for the UK operations (before tax and amortization) has fallen to £14.1m (2008: £30.1m)
Axa UK's GI earnings tumble
Axa's total general insurance (GI) and health underlying earnings in the UK and Ireland have fallen 63% to £90m in 2009, compared to £244m in 2008.
Catlin's results reveal regional boost
Catlin Group has announced its financial results for the year ended 31 December 2009 which included a record profit before tax of $603m (£402m)(2008:$13m)
Zurich UK GI reports fall in GWP and profit
Zurich's UK general insurance division has reported a fall in gross written premiums and policy fees of £2.033bn for 2009, compared to £2.097bn the previous year.
Kwik Fit announces strongest day of trading
Kwik Fit Insurance has announced its strongest figures for a single day of trading since the company was established in 1995.
Zurich reports fall in GI profit but rise in COR
Zurich has reported a 2% fall in general insurance business operating profit to $3.5bn (£2.2bn) in 2009, compared to the previous year, however, in local currencies it increased by 1%.
Willis Group's revenue and income rise in 2009
Willis Group Holdings, the global insurance broker, today reported results for the year ended December 31, 2009, which showed a $134m (£84.4m) rise in net income and $500m growth in revenues.
Brightside's trading report reveals 30% broking boost
Brightside Group has released its trading update for the financial year ended 31 December 2009 and announced how it intends to spend the £20m it raised at the end of last year
THB Group to hit the acquisition trail
THB Group chief executive, Frank Murphy, has expressed his satisfaction at the company's 2009 results despite flat trading, describing it as a credible performance in a continuing soft market
Abbey Protection profits meet expectations
Colin Davison, group CEO, says the result shows the resilience of the business model
SSP's broking division achieves 20% growth
Operating profit for the group is £16.4m on revenues of £76.7m, up 7.3% and 19.1% compared to 2008
Chaucer reports rise in GWP
Ewen Gilmour, CEO, said prospects for 2010 are "encouraging"
Fortis UK reports rise in GWP
Barry Smith, CEO, Fortis UK, said he is confident the insurer is well positioned for further growth in 2010
JLT says it is on track to meet 2009 financial objectives
The company said performance for the third quarter of this year is in line with expectations
Beazley GWP is up 45%
The company says it is on track to achieve a 90% combined ratio
Hiscox premium income increases
The insurer has reported an increase in groww written premium in its London Market and UK operations