THB announces continued good progress in strong half year results

LONDON, 14 July 2011 - THB Group plc the specialist (re)insurance broking and risk management group, today announces interim results for the six months ended 30 April 2011.

Highlights

  • Continued good progress reflected in a strong first half
  • Fees and commissions     £26.0m, up 6% 
  • Broking profit      £4.8m, up 21%
  • Profit before tax      £1.9m, up 100%
  • Interim dividend   1.45p, up 7%
  • Organic growth driving increase in fees and commissions.
  • Systems changes well underway to secure further margin improvements.