
Insurance
Sovereign posts solid result
Friday 15th of August 2014
The company's net cash profit after tax was up 3% to $103 million.
Sovereign chief executive Symon Brewis-Weston described the result as "solid rather than spectacular". He says it was pulled back a little because expenses were up due to software write-downs and restructuring costs.
Premium income was up from $616 million to $642 million however investment income fell slightly to...
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