The consolidated Middlesea Group result for the first six months this year amounted to a profit before tax of €8.21 million.

A profit of €6.4 million was registered in the same period last year.

The profit after tax for the six months ended June 30 was €5.93 million compared to €4.47 million as at June last year.

The improved results were generated mainly from the group’s life operations with MSV Life plc registering higher profits than the comparative period last year.

The general business returned a satisfactory result in an increasingly competitive market.

The group’s gross premium written increased by 16.9 per cent during the first half of 2014. The company’s turnover registered another important growth compared to the slow growing Maltese market with an increase of 12.9 per cent.

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