Insurance firm Fortis UK, which launched a life business in July, has announced positive first-half results for 2008.
The company says profit before tax and interest has climbed more than £24m from the same period a year ago to £43.3m, while retail commission income is also up. There has been a decrease, of 2%, in overall gross written premiums (GWPs). In July, Fortis launched Fortis Life UK, a new life business which will be initially judged on its two protection products: Your Life Plan and Real Life Cover. Barry Smith, CEO of Fortis UK, says: “In the face of the current market conditions, we have achieved strong performance in the first half of the year, while building the future of the company thro...
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