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Brit beats 2009 forecasts

26 February 2010

Brit Insurance said Friday that 2009 pre-tax profits increased 30% as the insurer posted better-than-expected full-year figures.

Read more: Brit Insurance Dane Douetil 2009 results

Brit Insurance said Friday that 2009 pre-tax profits increased 30% as the insurer posted better-than-expected full-year figures.

Net income increased to £116.4m ($176.9m) from £89.2m in 2008, beating analyst consensus, as gross written premiums climbed 21% to £1.7bn....


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Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield