Jardine Lloyd Thompson Group plc reported net income dropped 13 percent for the year primarily due to adjustments for currency exchange rates and the loss of contingent commissions in the United States.
Reporting its preliminary results for the year ending 2005, London-based insurance broker JLT reported net income fell ?7.9 million ($13.7 million at current valuation) for the year, going from ?59 million ($102.5 million) to ?51.2 million ($89 million).
Revenues for the year, including fees and commissions and investment income combined, rose 4 percent, or ?18.2 million ($32 million), from ?482 million ($836 million) to ?500 million ($868 million).
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