Brit Insurance announces 2009 results

February 26th, 2010 admin

Brit Insurance has revealed its preliminary financial performance figures for 2009. The firm made pre-tax profits of £171.3m (excluding the effect of foreign exchange on non-monetary items), more than threefold the 2008 pre-tax profit of £39.6m. Earnings per share rose by 32% from 86p to 113.2p. Gross written premium was also up, rising 21% to £1,696.4m (a rise of 10.4% at constant currency). The year also saw Brit Insurance establish a new holding company in the Netherlands (Brit Insurance Holdings N.V.), and further expanded its global presence with a new managing general agent in Chicago and a representative office in Tokyo. The firm chose…


Originally posted on InsuranceDaily

 
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