Conservative investment portfolio yields down by two-thirds

Abbey Protection reported a 10% growth in pre-tax profits to £4.3m for the first half of 2009 from the £3.9m it achieved in 2008. Revenue increased by 13% to £16.4m for 2009, from the £14.5m it reported over the same period in 2008.

But the specialist insurance and consultancy group suffered a two-thirds reduction in investment income of £0.3m for 2009, from the £0.9m it achieved last year. Chief executive Colin Davison blamed the dip on significantly reduced yields from the group’s highly conservative investment portfolio.

Meanwhile, the group said its legal protection divisions delivered revenues of £4.3m, up 9% from the £4m brought in for 2008.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics