Wellington Underwriting Plc, a Lloyd’s insurance underwriter which failed in a bid to buy Limit Plc last year, notes that full-year profit dropped 32 percent due to a slowdown in the insurance industry.
Net income for the year ended Dec. 31 slipped to 2 million pounds ($2.9 million), or 1.7 pence a share, from 3 million, or 2.5p, the prior year.
Wellington shares gained as much as 7.4 percent, to 145. To date this year, they’ve gained 9.4 percent.
Topics Underwriting
Was this article valuable?
Here are more articles you may enjoy.
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk 
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
The $3 Trillion AI Data Center Build-Out Becomes All-Consuming for Debt Markets 
