Chaucer Holdings had record interim results for the six months ending 30 June 2003, the company announced. Profits before tax rose to £15m, compared to a loss of £400,000 for the same period last year.
Gross written premium increased by 32% to £201m, compared to a figure of £153 million for the same period in 2002.
Net earned premium income was at £108m, an increase of 53% from a figure of £70m last year.
The actual investment return has exceeded the long term rate of return target while the group underwriting interest increased to £266m for 2003, against a figure of £189m for the comparable period last year.
Ewen Gilmore, managing director said the firm was "happy to report record interim results". He added: "Markets remain buoyant in most areas and, barring major catastrophic loss, we look forward to more of the same in the second half of the year."
The company has proposed an interim dividend of 0.65p.
