HSBC Insurance Brokers reported pre-tax profits up by nearly 50% during 2002.

The company lifted its dividend payment to its parent company to £15m from £10m.

The broker booked a £2.2m profit fo …

HSBC Insurance Brokers reported pre-tax profits up by nearly 50% during 2002.The company lifted its dividend payment to its parent company to £15m from £10m.The broker booked a £2.2m profit for selling off its personal lines business, HSBC Select, to HSBC bank.The company's turnover from activities in the US declined during the period, but growth from the rest of the world was far greater.

Results

  • Turnover up 7% to £122m from £113m
  • Profit before tax up 49% to £31.3m from £20.9m
  • Topics