Domestic & General revenue up 10%
Highlights include:
Record financial results for the year with:
? Revenue up 10.0% to £304.6m;
? Operating profit before investment return up 11.3% to £23.6m;
? Basic earnings per share up 4.0% to 70.4p.
Good performance in UK warranty business as initiatives start to deliver results.
Doubling of international warranty revenue.
Strong net investment return of £12.9m, with equity gains of £3.0m compared to exceptional returns of £5.1m last year.
Final dividend of 25.50p per share - total for year increased by 12.3% to 36.50p.
Nicholas Rochez, chairman, commented: “The Board is pleased to report another record set of results, with revenue up to over £300m, and profit before tax up to £36.5m.”
Rochez added: “We have seen impressive growth of our European markets over the past two years and this, coupled with our recent entry into the Australian market, provides a tangible base for our international warranty business. The international business is now operating in seven countries with a further three countries expected to go live within the next few months.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
