LONDON Feb 28Insurance and reinsurance broker
Jardine Lloyd Thompson Group reported a one percent rise
in full-year underlying pre-tax profit, with investment in its
U.S. speciality business crimping earnings.
The company, which advises mainly on risk management and
employee benefits insurance, said on Tuesday pretax profit was
172.6 million pounds ($214.42 million) in the year ended Dec.
Analysts at Panmure Gordon forecast a pretax profit of 180.7
million pounds and RBC analysts expected 176 million.
Underlying profit excluding investment in the U.S. business
was up 5 percent to 199.6 million pounds, JLT said in a
Total revenue rose nine percent to 1.26 billion pounds.
JLT said the trading environment had been challenging, with
"sustained softness" in insurance and reinsurance prices.
JLT said that it would pay a final dividend of 20.6 pence
per share, bringing total dividend to 32.2 pence, up five
percent from a year earlier.
($1 = 0.8050 pounds)
(Reporting by Carolyn Cohn and Noor Zainab Hussain; editing by