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Highway results show steady improvement

Motor insurer Highway Insurance has reported premium revenue rose to £242.9m in 2005 from £225.6m the previous year and the company's profit before tax increased by £6.1m to £27.3m.

The insurer pointed to 2005 being a successful first full year for its retail division, which now controls nearly 180,000 policies, however it added general trading conditions remain challenging

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