Jardine Lloyd Thompson (JLT) posts a 10% rise in pre-tax profits to £69.6m in 2000 compared to the year before.
The sixth largest insurance broker in the world reports a 14% increase in turnover to £287.3m in its preliminary results. Trading profit has also climbed 12% to £46.5m.
Chief executive Ken Carter said the profits came from the formation of Capital Risk Group in New York and the purchases of Burke Ford and Abbey National's pension administration and consultancy business.
“We have made substantial investments and acquisitions in 2000 with the aim of further developing our existing services to benefit our clients, particularly as harder market conditions now apply,” he said.
Earnings per share similarly grew 10% to 25.7p. Subject to approval, shareholders will now receive a final dividend of 8.5p per share for the year to December 31, 2000.
JLT said it would not rule out further strategic acquisitions in the future, providing they were enhancing to the earnings but also kept expense ratios as low as possible.
