Fortis Insurance Ltd today announced end of year pre-tax profits of £46.1m, up 16% from £39.9m in 2003.
Total gross written premiums increased by 5% to £574m from £547m in 2003.
Household lines accounted for £104m, commercial lines for £52m, travel lines for £39m and motor lines for £375m.
The total combined ratio was 99.1%, five percentage points better than last year.