A strong performance from its insurance operations has helped Amsterdam-based international financial services company ING Group meet most analysts' expectations for its results for the first six months of 2001.
Operational net profit grew 16% to E2,403m (£1,516m), compared with the same period last year. A large part of that performance was due to a 28.4% rise in net profit from insurance operations to E1,463m (£923m).
ING said there had been positive contributions from both the life and non-life businesses.
Net profit from banking operations rose 0.9%, to E940m (£593m), while assets under management grew 7.2% to E539.2bn (£340.2bn).
Chairman of ING's executive board, Ewald Kist, said: “Thanks to the good mix of businesses, in terms of geography, products and distribution channels, ING was able to weather the adverse economic climate and stock market conditions.”
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.
