Financial services group HBOS has announced its insurance profits increased by 15% in 2002.
The group, which sells insurance under household brands such as esure and Intelligent Finance, saw its pre-tax profits rise to £400m last year up from £348m in 2001.
General insurance claims increased to £79m from £68m the year before. Meanwhile its gross written premiums increased to £1.3bn from £1bn the year before.
Chief operating officer Ian Black said household insurance sales were up on the back of improved mortgage sales.
Black said: "We see a good future in the near term through 2003."
The group's total pre-tax profits increased by 22% to £3.062bn.
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.
