Brit Insurance Holdings posted its best ever combined ratio of 89.2% in first half results that sent it shooting back into profit.

This had improved from 90.2% in the first half of 2002.

But the group held back from paying a dividend, citing its desire to rebuild a £59.3m deficit on its profit and loss account, which resulted from the WTC events. The deficit has reduced from £93.3m at 30 June last year.

The group is moving business away from Lloyd's, with only 81% of its premium income coming from the market, down from 90% at June 2002.

Results

  • Profit before tax £31m in first half, up from a loss of £4.3m

  • Gross written premiums £666.2m, up 68% from £397m

    • 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.

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