Thomas, Carroll Brokers has increased its income by 67% over the past three years, after targeting corporate accounts worth £50,000 and more.

The broker, which is the largest independent insurance broker in Wales, reported a 10.6% increase in turnover and a 43% increase in pre-tax profits in the year to 30 September 2002.

Managing director Stuart Love said figures for the most recent financial year were nearly complete.

He said income had increased 67% in three years and 30% in the past 12 months.

"We've raised our sights to the corporate account of £50,000 and above and we've targeted that very successfully in the past 12 months."

He said the broker's small business account had grown by 19% in the past year with the corporate account up by about 30%.

Premium income now totalled £18m, with £15m from commercial business and £3m from personal lines, Love said.

But Love said he was not targeting growth at the cost of a healthy bottom line.

He said: "Being the biggest doesn't interest me. Being the best does."

2002 results

  • Turnover up to £2.45m from £2.21m

  • Profit before tax up to £264,000 from £184,500
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