Omega profits and premium income up
Omega Underwriting has reported a profit before tax up 20% to $24.5m (H1 2007: $20.4m) on premium income up 7% to $185.9m (H1 2007: $173.1m). Profit after tax was up 34% to $21.8m (H1 2007: $16.3m).
Richard Tolliday, chief executive of Omega, commented “We are extremely pleased with our first-half results and our continuing profit growth.
"We have only modest exposure to the market losses to date
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