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 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 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 results for 2009 reveal combined profitability for the UK operations (before tax and amortization) has fallen to £14.1m (2008: £30.1m)
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 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'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 Insurance has announced its strongest figures for a single day of trading since the company was established in 1995.
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 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 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 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
Colin Davison, group CEO, says the result shows the resilience of the business model
Operating profit for the group is £16.4m on revenues of £76.7m, up 7.3% and 19.1% compared to 2008
Ewen Gilmour, CEO, said prospects for 2010 are "encouraging"
Barry Smith, CEO, Fortis UK, said he is confident the insurer is well positioned for further growth in 2010
The company said performance for the third quarter of this year is in line with expectations
The company says it is on track to achieve a 90% combined ratio
The insurer has reported an increase in groww written premium in its London Market and UK operations
But personal lines make up some of the shortfall
In the UK, the insurer says it is focused on improving the quality of its earnings
Oval chairman, Oliver Stocken, said that the past 12 months "have probably been the most difficult any of us have encountered in our careers".
However, the company has heralded the success of Swiftcover
Dane Douetil, chief executive officer of Brit Insurance Holdings, said the UK business is continuing to make good progress