Quinn-direct Insurance, the Irish insurer, has announced that it made a pre-tax profit of £61m in the six-month period to the end of June 2005, an increase of 29% over the first half of 2004.
The insurer reported that written premium income increased by 30% to £218m and that the customer base crossed the 300,000 mark over the same period.
In the full year 2004 Quinn-direct's share of the Irish insurance market increased steadily with its share of the motor market increasing from 10% to about 14%.
In liability insurance, the increase was equally strong,
growing from 11% to approximately 15% in the same period.
Quinn-direct general manager Kevin Lunney said: "We foresee that the continuing efficiencies of our operation will ensure that our position as the fastest growing insurer in Ireland will be maintained.
He added that the insurer will, "see significant ongoing opportunities to further extend our reach in terms of products and market share".
