Brit Insurance Holding(BRE)

Sector:

Insurance (non-life)

Index:

FTSE 250

Market Cap

£562.76m

Change Today

Price Down-4.75p

Share Price

179.25p

Brit Insurance confident about 2008

Date: Thursday 15 May 2008

LONDON (ShareCast) - Brit Insurance is confident of meeting market expectations for 2008 after lifting gross written premium by 5.8% to £528.2m in the four months of the year.

Market premium rate development has been roughly in line with expectations, with actual premium rate decreases on renewal business during the period to 30 April of 2.2%, it added.

Boss Dane Douetil admitted that continued economic uncertainty has resulted in challenging investment market conditions.

“Brit Global Markets and Brit Reinsurance are experiencing a limited market downturn and increased competition,” he said.

“While the UK market remains highly competitive we have seen continued improvement in our motor classes and continue to believe that this year should see the bottom of the UK underwriting cycle.”

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BRE Market Data

Currency UK Pounds
Share Price 179.25p Price Down
Change Today -4.75p
52 Week High 344.75
52 Week Low 149.75
Volume 2,179,670
Shares Issued 313.95m
Market Cap £562.76m
Beta 1.42
RiskGrade 260

Performance Indicators

Compare performance with the sector and the market.
Find out more
Key: vs Market vs Sector
Value
89.14% above the market average89.14% above the market average89.14% above the market average89.14% above the market average89.14% above the market average
68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average
Price Trend
39.55% below the market average39.55% below the market average39.55% below the market average39.55% below the market average39.55% below the market average
86.21% below the sector average86.21% below the sector average86.21% below the sector average86.21% below the sector average86.21% below the sector average
Income
96.87% above the market average96.87% above the market average96.87% above the market average96.87% above the market average96.87% above the market average
90.00% above the sector average90.00% above the sector average90.00% above the sector average90.00% above the sector average90.00% above the sector average
Growth
23.98% below the market average23.98% below the market average23.98% below the market average23.98% below the market average23.98% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Chg 6m
26.49% below the market average26.49% below the market average26.49% below the market average26.49% below the market average26.49% below the market average
51.72% below the sector average51.72% below the sector average51.72% below the sector average51.72% below the sector average51.72% below the sector average
P/E
75.84% above the market average75.84% above the market average75.84% above the market average75.84% above the market average75.84% above the market average
58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average58.33% above the sector average
PEG
39.92% below the market average39.92% below the market average39.92% below the market average39.92% below the market average39.92% below the market average
52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average52.94% below the sector average
Dividend Yield
70.55% above the market average70.55% above the market average70.55% above the market average70.55% above the market average70.55% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
EPS Growth
36.69% below the market average36.69% below the market average36.69% below the market average36.69% below the market average36.69% below the market average
52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average52.38% below the sector average
Operating Margin
35.85% above the market average35.85% above the market average35.85% above the market average35.85% above the market average35.85% above the market average
18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average18.52% below the sector average

What The Brokers Say

Strong Buy 3
Buy 2
Neutral 2
Sell 0
Strong Sell 0
Total 7
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BRE Dividends

  Latest Previous
  Interim Special
Ex-Div 03-Sep-08 16-Apr-08
Paid 03-Oct-08 19-May-08
Amount 7.50p 7.00p

Trades for 05-Sep-2008

Time Volume / Share Price
16:35 185,423 @ 179.25p
16:28 522 @ 179.50p
16:28 6,150 @ 179.50p
16:27 1,706 @ 179.50p
16:27 5,269 @ 179.50p

BRE Key Personnel

Finance Director Matthew Scales
CEO Dane Jonathan Douetil
COO Kathy Lisson

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