Quinn-Direct Insurance has reported a pre-tax profit of €69m for the six months to the end of June, up 33% on the same time last year. Written premiums increased by 38% to €245m.
The company's underwriting profit increased to €51m from €35m in H1 2003, while its investment gains rose from €16m to €18m in the six month period.
The company said it sees continued growth in the second half of the year with a particular focus on its recent entry into the UK market.
Quinn Direct said there has been evidence that recent Government initiatives have lowered the cost of claims on the roads and in the workplace.
