Pre-tax profits up 54% to £185m
Lloyds giant Amlin saw profits soar in the first half of 2007.
Pre-tax profits increased 54% to a record £185.0 million. Underlying profit, after removing the positive effect of a £28.6m swing in the foreign exchange translation of net non-monetary liabilities relative to 2006, rose by 25.3% to £179.7 million (H1 2006: £143.4m).
The company attributed the performance to underwriting and improved investment returns.
The group combined ratio was 71% (H1 2006: 79%).
Charles Philipps, Chief Executive, said: “This is a record result driven by an exceptional underwriting performance and strong investment returns. Our outlook for the remainder of 2007 and for 2008 is positive.”
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.
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.
