Kiln stormed back into profit, achieving £10.5m before tax for 2002 compared to a loss of £15.7m the year before.
The insurer's combined ratio, based on a 100% owned result of its syndicate partici ...
Kiln stormed back into profit, achieving £10.5m before tax for 2002 compared to a loss of £15.7m the year before.
The insurer's combined ratio, based on a 100%-owned result of its syndicate participation, improved to 91% from 107% in 2001.
Gross premiums written decreased to £268.56m from £275.59m.
The group emphasised its increased confidence by resuming dividend payment,proposing a final dividend of 0.5p.
Its earnings per share figure was 3.77p compared to a loss per share of 12.3p in 2001.
