Beazley has announced an increase in profit before tax to...
Beazley has announced a increase in profit before tax to £36.2m for the six months to 30 June 2006.
The half year profit, which was also calculated before foreign exchange on non-monetary items, rose from £28.9m, reported in the same period in 2005.
The insurer said its gross premiums written increased by 43% rising to £394.3m (2005: £275.4m).
The combined ratio for the group increased by 1% to 90% (2005: 89%).
Andrew Beazley, chief executive of Beazley, said: "The business remains strong and I am particularly pleased that our 20 year record of profitability remains intact.
"Demand is strong in many of our core areas of business and prospects for returning profits remain good."
