Alea interims show underwriting profit increase
Insurer and reinsurer Alea Group has announced underwriting profit before allocated investment return increased by 108% to US $23.1 million (£12.9m) for the first half of 2004, reflecting growth in earned premiums.
In a statement, the bermuda-based firm said operating profit had increased 74% to $61.4 million (2003: $35.3 million)Net unearned premium reserves increased 34% to $872 million (2003: $651million)
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