GRE withstands subsidence and storms

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The Independent Online
GRE withstands subsidence and storms

Guardian Royal Exchange, the insurer, yesterday reported profits at the high end of market expectations, notwithstanding sharply increased subsidence and bad weather claims in its domestic market. Pre-tax profits before investment gains were pounds 340m in 1995, up from pounds 326m (excluding a pounds 28m restructuring charge) the year before. The dividend was raised to 9p from 8.25p.

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