Atrium has recorded strong performance in the first six months of the year with a significant improvement in loss before tax.
The Lloyd's operator said that it has now turned the corner and profits are "foreseeable".
It said it lost £1.9m before tax in the first six months of the year, which they said was a good return considering its accounting delay which delays the recognition of earnings by there years.
This is an improvement on the £8.2m it lost in the same period last year.
The Lloyd's operator put the result down to past losses and the bad investment environment.
Before tax and amortisation, Atrium scored an operating profit of £1.4m compared to a loss of £3.2m the time before.
The company said profits were now "foreseeable".
Gross premiums written in the period increased to £80m from £54m the same period last year.
Atrium started the year with 34% of its directly held investments in equities. Sales and falling stock markets pushed this figure down to just under 25%.
