JLT Pre-Tax Profit Up 28 Percent
NU Online News Service, Feb. 24, 3:58 p.m. EST?London-based insurance broker Jardine Lloyd Thompson Group plc reported a 28 percent increase in pre-tax profit, based on the strong performance of its risk and insurance group, the company said.
Reporting its results for the year ending Dec. 31, 2002, the firm said pre-tax profit came to ?100.2 million ($158.3 million, at current exchange rates), a 28 percent increase over the ?78.3 million ($123.7 million) reported during 2001.
Turnover (revenues) increased 11 percent to ?388.1 million ($613.2 million), from ?349.7 million ($552.5 million) in 2001.
Earnings per share rose from 25.5 pence (40.3 cents) to 33.8 pence (53.4 cents) an increase of 16 percent the firm said.
"In 2002, JLT achieved the milestone of exceeding ?100 million of profit before tax for the first time in its history with continued double-digit growth in turnover, profit and dividend," Steve McGill, JLT chief executive, said in a statement.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
