Britannic Group said it is on course to resume dividend payments and bonuses to policyholders by the end of the year after exceeding analysts predictions for first-half profits.
Operating profit was down 15% to £44m from £52m a year ago.
Analysts forecasts that this figure would be lower, with predictions varying from £28m to £38m.
Britannic was forced to abandon its final dividend of last year because of devaluation of its investments due to a poor equity market.
The company's share price increased by almost 6%.
