NU Online News Service, Aug. 3, 3:22 p.m. EDT

London-based insurance broker Jardine Lloyd Thompson Group plc reported net income rose 40 percent for the first half of the year with organic growth rising 6 percent.

JLT reported net income rose ?17 million (U.S. $27 million at the current exchange rate) to ?61 million ($97 million). Earnings per share rose 7 pence (11 cents) to 27 pence (43 cents). Revenues rose 21 percent, or ?65 million ($104 million), to ?378 million ($602 million).

The firm did not report quarterly results.

In a statement, Dominic Burke, chief executive for the firm, said: "Trading activity in the first half of 2010 continued to be encouraging and this, couple with the increasing benefits from the broad range of investments being made, comprising key hires, acquisitions and systems developments, gives us the confidence that we will continue to make financial progress for the year."

JLT said among its top performers, the Australiasia group produced half of its profit on the retail side, with 24 percent growth and organic growth of 2 percent. Other segments, such as Asia, Latin America and Canada, also performed well.

Its London market reported that business increased by 11 percent to ?164 million ($261 million) with organic revenue growth of 5 percent.

Special Reports /

JLT Reports Net Income Up 40%

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