The LitComp group has reported a flat profit despite a huge increase in premiums from its Gibraltar-based subsidiary, Elite.

The group, which provides after-the-event insurance and is a national supplier of medico-legal reports, returned to profitability earlier this year.

Its unaudited results for the six months to 30 September 2007 showed a net profit before tax of £346,000.

The group’s UK and medico-legal reporting companies made a loss as their turnover fell to £807,000 after head office costs of £189,000.

LitComp subsidiary Elite Insurance Company continued to grow with gross premium income increasing by 256% to £4.654m compared to £1.306m for the same period last year.

LitComp chairman Douglas Smith said: “The period has been a successful one for LitComp with good growth in expanding market sectors.”

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.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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