Highway's profits down and combined ratio up
Motor insurer Highway's six month pre-tax profits have fallen to £7.5m (H1 2005: £11.3m) while its gross written premium has dropped to £119.3m (H1 2005: £130.8m).
Meanwhile Higwhay's combined operating ratio has risen more than a point to 98.1% (H1 2005: 96.9%).
Commenting on the results, Richard Gamble, executive chairman said: “This represents a satisfactory
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