Hardy Underwriting Group said full year pretax profit in 2005 will not be less than £7m, exceeding the consensus market expectation...

Hardy Underwriting Group has said full year pretax profit in 2005 will not be less than £7m, exceeding the consensus market expectation.

In a trading update, the company said this is due to a release of reserves for financial institutions business and improvements in most other lines, together with an enhanced investment return.

The company will release its full year results on 22 March.

Topics