Advent returns to strong profitability in 2006
Advent returned to strong profitability in 2006, benefiting from a benign year for catastrophes, with an after tax profit of £15.4 million and producing a good return to shareholders with a return on equity of 24.0%.
Advent, the specialist Lloyd’s insurer, today reports its 2006 final results.
Key highlights
• Profit before tax of £22.2m
• Return on equity of 24.0%
• Successful buyout of Syndicate 780’s third party
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