Personal Group profits up 15%

Employee benefits firm Personal Group has reported H1 net insurance premiums written up 6.6% to £9.1m and profit before tax up 14.9% to £4.6m.

Nigel Brittle, Group Chief Executive, said: "Record profits achieved through the first half of 2010 reflect past and continuing record new business performances delivered by our core employee benefits and insurance activity since 2008.

“The return of our claims experience to traditional levels and the success of cost control measures have also played a part in this performance.

“Prospects for the second half are promising as we prepare to launch some significant new client benefit programmes and our newer VGIP product offering continues to gather momentum."

H1 highlights 000s (2009 in brackets)

• Gross premiums written 9,127 (8,550)
• Net premiums written 9,079 (8,521)
• Revenue 13,252 (13,033)
• Profit before tax 4,611 (4,013)
• Profit for the period after tax 3,304 (3,053)