The St. Paul Companies has announced second-quarter 2003 net income of $214m (£132m), up from a second-quarter 2002 net loss of $223m (£137m).
In its core specialty commercial operations, excluding Lloyd's, it posted a 25.2% rise in premiums. Including Lloyd's, its net written premiums for the sector increased by 8.2% to $1.21 billion (£739m).
However its combined ratio deteriorated to 96.6%, largely as a result of losses on surety bonds.
Jay Fishman, chairman and chief executive officer said: "We continue to make substantial progress. We are particularly pleased with the net written premium growth of more than 26% in our ongoing insurance segments excluding Lloyd's, which we see as early evidence of the success of our strategy."
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.
