Insurance IT giant Sherwood International has announced a massive 42% growth in operating profit, up from £4.8 in 1998 to £6.8m.
The growth was achieved despite a slump in the second half of 1999 because insurers waited for the threat of the millennium bug to pass before committing to purchases.
Other results included net funds rising 93% to £28.6m (from £14.8m), and earnings per share up by 121% to 22.1p (from 10p).
Sherwood International chief executive George Matthews said: "The group has completed yet another successful trading period, with turnover, profits and earnings per share once again achieving record levels."
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.
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.
