Brit 2014 profits climb 40% as investment returns skyrocket
UK-based insurer Brit's after tax profits were £139m last year compared to £99.5m the previous year, up 39.7%, as its investment returns rocketed 38.4% year on year.
Although the insurer, which has recently accepted a 305 pence per share cash offer from Toronto-based Fairfax, saw its combined ratio decline from 85.4% in 2013 to 89.5%, its investment returns were
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