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 throug...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
