Abbey increases profits in first half
Abbey Protection has announced an 11% increase in pre-tax profits to £4.7m for the first six months of 2010.
The specialist supplier of legal and professional fees insurance products and services to UK small-to-medium sized enterprises, added revenue in core trading divisions, Abbey Legal Protection and Abbey Tax Protection, were up 11% (to £8.2m).
However, revenue from its after the event ("ATE") division reduced to £0.7m (2009: £0.9m), which it said was the result of all material income from its managed run-off contracts having reached a natural conclusion.
Sales of Abbey's injury compensation
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