StockMarketWire.com - Admiral Group said Wednesday first-half statutory pre-tax profits rose as its UK and European insurance businesses performed strongly.

For the six months to 30 June, statutory pre-tax profits rose by 9% to £211m, group turnover rose 14% to £1.66bn from £1.4bn a year earlier, earnings per share rose 8% to 61.6p and total premiums written rose to £1.17bn from £1.02bn.

The rise in profits was led by strong UK insurance, which saw turnover increase to £1.32bn from £1.14bn.

While European insurers delivered overall profitability and grew the business by almost a fifth in a year.

The interim dividend rose 7% to 60p from 56p last year. Story provided by StockMarketWire.com