NUI: internet sales rocket as profits rise by 23%.

Norwich Union Insurance reported an operating profit of £974m in 2005, an increase of 23% on the previous year.

In its preliminary results for the year ended 31 December 2005, the insurer also reported a one point improvement in combined operating ratio to 96%.

Net written premiums increased to £6,127m from £5,715m.

Direct operations grew by 15%, with internet-based sales soaring by 200%.