JLT Reports 18% Profit Rise to $120 Million

February 27, 2002

U.K.-based Jardine Lloyd Thompson, the world’s sixth largest insurance broker, reported 2001 pre tax profit of £84.3 million ($120 million), an 18 percent increase over the year 2000.

JLT cited the increase in premiums since Sept. 11 and the increased demand for insurance, especially in catastrophe risks, and coverages related to aviation and energy.

It also noted an increase in its employee benefits division, which now accounts for around 21 percent of the group’s revenues.

Total turnover rose by 22 percent from £287.3 million ($410 million) in 2000 to £349.7 million ($498 million) last year.

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