The insurance arm of HBOS today declared end of year pre-tax profits of £485m, 9% up from last year's £445m.
Premium income also increased by 9%, to £1.73bn from £1.59bn in 2003.
Household and travel lines contributed premium incomes of £476m, an increase of 12% from £437m in 2003, demonstrating the strength of the Halifax brand, HBOS said.
Premium sales of repayment insurance, under both the Halifax brand and third party business, increased by 1% to £875m.
Chief executive of HBOS General Insurance, Howard Posner, said: “It is our strength in product design and service delivery that will continue to ensure the future growth of our business.”
The wider group, HBOS PLC, reported net profits of £3.06bn, a 25% improvement on 2003's £2.45bn.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
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.
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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
