HBOS General Insurance pre-tax profits leapt 22% in the first half of 2006, compared to the previous period, despite overall premium income falling 2%.
Profit reached £163m and premium income slipped to £919m, with growth in house-hold sales offset by a fall in payment protection sales.
Overall sales of household insurance increased by 11% on the corresponding 2005 period. Sales via the internet were up 28% and third-party channels grew 69%.
Michael Warren, finance director, said: "2006 has seen an excellent start to the year for HBOS's general insurance business.
"Our multi-channel approach and strategy to broaden the customer base continues with 87% of new policies not linked to mortgage sales."
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.
