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Premium income down in first half at Hardy

Lloyd's insurer Hardy Underwriting announced its interim results for the half year ended 30 June 2006 today, reporting gross written premium of £58.4m (2005: £65.6m).

Highlights include:

Profit before tax for the half year above market expectations of £6.1m as compared to the 2005 PBT of £7.7m; Basic earnings per share are 11.8p (2005: 15.4p); Net tangible assets

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