Pre-tax profits at Brit Insurance Holdings rose to...
Fn?Fh?|profits at Brit Insurance Holdings rose to £52.5m for the six months to 30 June, compared to £31m for the same period last year.
The technical account profit in the half-year increased 92.4% to £80.8m from £42m in 2003. Net unearned premium reserve increased by 44.7% to £675.3m since December 2003.
Gross premiums written in the half year were up 16.9% to £778.5m.
The group budgets an amount for normal size catastrophe losses occurring during the year.
Group chief executive Neil Eckert said it expected the cost of Hurricane Charley to be within the range of $40m-$50m net, which was within the group's budgeted level.
