Atrium Underwriting announced a sharp increase in profits for the first half of the year. Pretax profit was £7.61m for the six months ending 30 June 2003, an increase of 275% from the £2.03m recorded for the same period last year.
Gross written premium increased to £105m, up from £98m for the first half of 2002.
The company has forecast a dividend of at least 7.5p per share for the end of 2003.
Operating profit before goodwill was £8.36m, compared with a figure of £4.33m for the same period last year.
Chief executive Nick Marsh said: "Our greatly increased underwriting for 2002 and 2003 has helped produce some very attractive returns with the prospect of significantly more to come in the second half of the year."
He added the outlook remained positive for the rest of the year.
