Lower claims frequency hits Charles Taylor adjusting profit

City of London

Growth in Charles Taylor's management services and Isle of Man-based run-off insurance business in 2012 have offset reduced earnings in its adjusting services business, which was hit by a lower number of complex claims than the previous year.

Charles Taylor has reported revenue of £108.2m and pre-tax profit of £7.1m compared to £102.5m and £6.4m in 2011 respectively. Earnings per share were 16.25p (2011: 12.79p) while the final dividend -

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