QUINN-direct pre-tax profits up a third

QUINN-direct Insurance, the only wholly-owned Irish insurer, today announced that it made a pre-tax profit of €69m in the six-month period to the end of June 2004, an increase of 33% over the first half of 2003.

Written premiums increased by 38% to €245m in the period. Premium rates have continued to decrease across all business lines during the period.