Eagle records impressive growth

Eagle Insurance PLC recorded a consolidated revenue of Rs. 1,926 million for the 1st-quarter 2009, reflecting a growth of 21 percent over the corresponding period of 2008.During this period total Gross Written Premium income grew by 2 per cent to Rs. 1,547 million.

The Group's net profit performance for the quarter is impressive at Rs. 98 million compared to the 1st quarter 2008 net profit of Rs. 15 million. The growth in profits is mainly attributed to the relatively higher investment income earned by the group and the improved underwriting results of the general insurance business.