Flood Re reports pre-tax profit of £130 million
Flood Re has reported a pre-tax profit of £130 million in its end of year results after backing 127,326 policies in its first year of operation.
Flood Re made its pre-tax profit after collecting a gross written premium of £28m, and £180m worth of levy income. Its profit after tax was £104.1m.
The organisation noted that the recent ‘benign
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