R&Q Insurance Holdings Ltd (LON:RQIH), the leading non-life global specialty insurance company focusing on the Program Management (“Accredited”) and Legacy Insurance (“R&Q Legacy”) businesses, today announced its results for the half year ended 30 June 2023.
H1 2023 Financial Highlights
Accredited
· Gross Written Premium (“GWP”) of $1.1 billion (H1 2022: $0.8 billion, a 34% increase)
· Fee Income of $46.2 million (H1 2022: $39.1 million, an 18% increase)
· Pre-Tax Operating Profit of $28.6 million (H1 2022: $15.4 million, an 86% increase)
· Pre-Tax Operating Profit Margin of 57.0% (H1 2022: 43.6%, a 13.4 percentage point increase)