Written answers

Tuesday, 30 May 2006

Department of Finance

Financial Services Regulation

8:00 pm

Photo of Willie PenroseWillie Penrose (Westmeath, Labour)
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Question 271: To ask the Minister for Finance the profits reported by insurance companies in the non-motor vehicle sections, who operate in the Irish markets for each of the years 2003, 2004, 2005 and to date in 2006 if appropriate; and if he will make a statement on the matter. [21110/06]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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Information of this nature is submitted to the Financial Regulator and published annually in the Insurance Statistical Review, which is laid before both Houses of the Oireachtas. The most recent figures available were published in September 2005 in the Financial Regulator's Insurance Statistical Review 2004. I assume the Deputy is referring to underwriting profits. The total non-life underwriting profits reported in the State less those on motor insurance, were EUR204 million in 2003 and EUR360 million in 2004. The corresponding figures for 2005 are in the process of being collated and will be published later in the year. The 2006 figures are not yet available.

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