Churchill Insurance Group announced a 40% increase in profits before tax for the 2001 financial year today. Profits increased to £56m from £40m in 2000.
Gross Written Premiums more than doubled to £1.86 billion - the company attributed this to a combination of strong organic growth and business from new partnerships with Prudential and Pearl.
The group's combined ratio also improved to 100.8% from 102.8% in 2000.
Chairman and chief executive Martin Long said Churchill was delighted with the results and commented: "Our commitment to providing unrivalled customer service and value for money through a wide range of distribution channels continues to pay off."
