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Lancashire Holdings H1 Profit Rises On Increased Revenue

Lancashire Holdings Limited (LRE.L), a provider of specialty insurance and reinsurance products, Thursday posted profit before tax of $213.6 million for the first half, higher than $167.2 million in the same period last year.

Net profit increased to $200.8 million or $0.82 per share from $159.2 million or $0.66 per share a year ago.

Insurance revenue grew to $854.1 million from $720.9 million in the previous year.

Gross premium written increased 8.3 percent year-on-year to $1.282 billion.

by RTTNews Staff Writer

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