Culver Holdings says it is optimistic about the future despite recording a small loss in the first half of 2002.
The group said pre-tax loss was £58,000, down from £1.2m in the same period a year earlier.
Its insurance division made an operating profit of £0.4m on turnover of £1.6m after a significantly improved first six months.
The group operating profit was £21,000, against a loss of £1.2m, before goodwill amortisation and interest.
The group blamed toughening conditions for the disappointing results. The group said it expects a satisfactory result for the full year.
Culver said it remains keen to expand its insurance broking business organically and by acquisition of businesses of a similar profile.
