Misys General Insurance has reported revenues of £16m and an operating profit of £7m, in line with last year's interim results.
Misys chief executive Kevin Lomax said the business had delivered a "good underlying performance".
Lomax said: “During the half year, Lexicon Partners was appointed to assist the board with the review of options to realise value from this business.
"The board has concluded that divesting this business is the most likely route to maximise value for shareholders and plans for this are underway.”
Phillip Bell, chief executive of Misys General Insurance, said: “We signed a deal with Close Premium Finance for integration with the Misys system earlier in the year and have won several major web development contracts with brokers including the Allen and Allen Group, InsureandGo and Protectagroup.
“The development of X-Stream - a two-way interface between the Misys Back-office and third party applications, such as the web, has opened up the system for brokers developing new distribution channels. The software is already generating a great deal of interest across our customer base.
Bell added: “Within commercial lines, our OASys Commercial software has been successfully integrated with the industry's imarket portal and we are about to launch a Commercial Combined product with major insurers such as Norwich Union.
“Many brokers have already contracted for and installed our latest new solutions. Our unique ability to automate schemes is also being exploited by an increasing number of firms.
“The Misys Countrywide network grows from strength to strength with 22 new members contracting during the period to reach over 800, including top UK brokers, Carole Nash and MCE. Similarly, EDI volumes have increased by 13% to in excess of 1 million policies written in the six-month period.
“Overall, it's another year of solid growth and excellent results – a performance which will support the continued improvement of our products and service for our customers.”
