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Last 279.40 GBp
Change Today +0.30 / 0.11%
Volume 37.4K
BRIT On Other Exchanges
Symbol
Exchange
London
Frankfurt
As of 11:35 AM 05/1/15 All times are local (Market data is delayed by at least 15 minutes).

brit plc (BRIT) Snapshot

Open
279.80 GBp
Previous Close
279.10 GBp
Day High
280.00 GBp
Day Low
278.20 GBp
52 Week High
02/24/15 - 292.72 GBp
52 Week Low
05/12/14 - 202.93 GBp
Market Cap
1.1B
Average Volume 10 Days
374.8K
EPS TTM
0.35 GBp
Shares Outstanding
400.5M
EX-Date
03/19/15
P/E TM
8.1x
Dividend
13.89 GBp
Dividend Yield
12.43%
Current Stock Chart for BRIT PLC (BRIT)

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brit plc (BRIT) Details

Brit PLC underwrites general insurance and reinsurance products with a focus on property, casualty, and energy businesses worldwide. The company operates through Brit Global Specialty Direct, Brit Global Specialty Reinsurance, and Other Underwriting segments. It offers property, marine, energy, specialty, accident and health, terrorism, political, aerospace, casualty, and specialist liability insurance products; and property and casualty treaty reinsurance products. Brit PLC was founded in 1995 and is headquartered in London, the United Kingdom.

488 Employees
Last Reported Date: 03/16/15
Founded in 1995

brit plc (BRIT) Top Compensated Officers

Chief Executive Officer, Executive Director a...
Total Annual Compensation: 1.4M GBP
Compensation as of Fiscal Year 2014.

brit plc (BRIT) Key Developments

Brit PLC Appoints Guillermo Eslava as Vice President, Casualty Reinsurance

Brit PLC announced the appointment of Guillermo Eslava as Vice President, Casualty Reinsurance. Guillermo joins Brit's Miami-based Latin America business and his focus will be on creating a Casualty Treaty and Facultative portfolio in the Latin America and Caribbean region, he will report into Juan Calvache. The move underscores Brit's strategy to expand in the Latin American region from its Miami platform, led by Juan Calvache. Prior to joining Brit, Mr. Eslava was Treaty and Facultative Regional Manager at Swiss Re with responsibility for Latin America.

Brit PLC Appoints Matthew Wilson as Group Deputy CEO and Chief Underwriting Officer

Brit PLC announced the appointment of Matthew Wilson as Group Deputy CEO and Chief Underwriting Officer effective immediately. In his new role, Matthew will work closely with Mark Cloutier, Group CEO of Brit PLC to continue the development of Brit as a leading global specialty (re)insurer. Matthew began his career with Lloyd's in 1988 and joined Brit Insurance in 1999 to establish the International Property Division. He was appointed as CEO of Brit Global Markets in May 2008 which subsequently became Brit Global Specialty in February 2012, combining the reinsurance and global markets divisions to form one Lloyd's platform. Matthew became a member of the Executive Management Committee in January 2009.

Brit PLC Announces Final Ordinary and Special Dividend for the Year Ended 31 December 2014, Payable on 30 April 2015; Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014

Brit PLC announced a final ordinary dividend of 12.5 pence per share and a special dividend of 12.5 pence per share was agreed by the Board on 24 February 2015 and is subject to shareholder approval at the AGM on 21 April 2015. Subject to AGM approval, both the final ordinary and special dividends are payable on 30 April 2015 to shareholders on the register on 20 March 2015. The shares will go ex-dividend on 19 March 2015. The company announced unaudited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported gross premiums written of £1,302.1 million against £1,185.7 million a year ago. Premiums written, net of reinsurance was £1,024.9 million against £956.3 million a year ago. Earned premiums, net of reinsurance was £979.7 million against £945.5 million a year ago. Total revenue was £1,070.5 million against £1,017.8 million a year ago. Operating profit was £162.6 million against £122.4 million a year ago. Profit on ordinary activities before tax was £149.1 million against £107.4 million a year ago. Profit for the year from continuing operations was £139.0 million against £100.9 million a year ago. Profit for the year was £139.0 million against £99.5 million a year ago. Diluted earnings per share from continuing operations attributable to equity holders of the parent were 34.8 pence against 24.1 pence a year ago. Diluted total earnings per share attributable to equity holders of the parent were 34.8 pence against 23.8 pence a year ago. Net cash outflows from operating activities were £14.4 million against cash inflows from operating activities of £102.7 million a year ago. Purchase of property, plant and equipment was £1.6 million against £1.4 million a year ago. Purchase of intangible assets was £3.1 million against £4.3 million a year ago. Net assets per share were 207.1 pence against 181.3 pence a year ago. Net tangible assets per share were 191.5 pence against 165.3 pence a year ago. Adjusted net tangible assets were 194.0 pence per share against 168.6 pence per share, after payment in September 2014 of an interim dividend of £25.0 million. Return on adjusted net tangible assets (RoNTA) before FX and IPO costs was 20.7% against 24.2% a year ago.

 

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BRIT

Industry Average

Valuation BRIT Industry Range
Price/Earnings 7.8x
Price/Sales 1.0x
Price/Book 1.3x
Price/Cash Flow 7.8x
TEV/Sales 1.0x
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