Esure sees profits rise in first year as listed company

 
Guy Bentley
Follow Guy

Insurance group Esure has ended its first year as a listed company by reporting a rise in profit before tax of 2.5 per cent to £118m, for the year ended 31 December 2013.

The company's final dividend was 13.3 pence per share. The full year dividend reached 15.8 pence per share.

Esure saw a return on capital employed of 37.7 per cent. The company said it held firm to disciplined underwriting and capitalised on market opportunities.


Stuart Vann, chief executive officer of Esure group, commented:

2013 was a year of strong, resilient financial performance within tough market conditions. The Group has delivered premiums, customer numbers and earnings per share that are all up on the prior year. This performance has been underpinned by our disciplined underwriting, reserve strength and efficient expense base.

Esure said its Sheilas' Wheels brand continued to deliver unique advantages and was up beat about its decision to re-enter segments of the market it had previously exited.