Brit Insurance CEO heralds performance in "stodgy" market
Brit Insurance has reported a profit before tax excluding the effect of foreign exchange on non-monetary items of £119.2m in 2010 (2009: £171.3m).
The group's profit after tax was £110.5m up 26.2% (2009: £87.5m) on gross written premium of £1.5bn, a reduction of 9.8% or 10.4% at constant currency.
Brit said the reduction reflects "active
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