Wellington profits receive boost from Aspen Re
Wellington Underwriting has announced preliminary results for the twelve months up to 31 December 2003, with operating profits up 220% to £128.2m, against £39.9m in 2002.
The operating figure is based on longer-term investment return and includes value uplift from its reinsurance subsidary Aspen.Profit before tax was up 244% to £116.7m with a 26% post-tax return on
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