Brit has announced record interim results for the six months ended 30 June 2005, reporting profit before tax of £112.2m, up 61% on the same period in 2004.
The insurer also reported a 54.8% rise in earnings per share to 8.1p. The group's combined ratio was 87.4%.
Dane Douetil, Brit's chief executive, said the increase in profit "reflects the benefits of the significant restructuring of the group post 9/11, with a single-minded focus on underwriting for our own account.
"Recent catastrophes such as Hurricane Katrina serve as a sharp reminder of the need to maintain underwriting and pricing discipline. We believe these events will extend the duration of the hard market," he added.
