BRIT Insurance has reported a pre-tax profit of £1.26m for the six months to June, up from a loss of £13.67m during the same period in 2000.
Operating profit based on long term investment return rose to £7.8m from a loss of £6.9m and earnings per share increased to 0.29p from minus 3.87p previously. Net assets per share improved to 104p from 102p.
The company said it was not proposing an interim dividend in light of the terrorist attacks in the US earlier in September.
In announcing its half-year results, BRIT confirmed its estimate that the attacks in the US have caused it net pre-tax losses of just under £70m.
