September 17, 2014 12:22 PM ET

Insurance

Company Overview of Ecclesiastical Insurance Office plc

Company Overview

Ecclesiastical Insurance Office plc, together with its subsidiaries, provides specialist insurance, risk advisory, and asset management products and services for individuals, brokers, and organizations in the United Kingdom and internationally. It offers a range of insurance policies, including home and heritage property insurance; care insurance for care homes, nursing homes, and supported living accommodations; education insurance for primary and secondary establishments, further and higher education, art and design colleges, and professional development centers, as well as music, dance, language, and drama colleges; heritage insurance for commercial properties and fine arts; charity insur...

Beaufort House

Brunswick Road

Gloucester,  GL1 1JZ

United Kingdom

Founded in 1887

1,034 Employees

Phone:

44 84 5777 3322

Key Executives for Ecclesiastical Insurance Office plc

Chief Executive Officer
Age: 44
Group Chief Financial Officer
Age: 49
Acting Chief Executive Officer of Ansvar Insurance Limited
Deputy Group Chief Executive
Head of Brand Communications
Compensation as of Fiscal Year 2014.

Ecclesiastical Insurance Office plc Key Developments

Ecclesiastical Insurance Office plc Appoints Caroline Taylor as Non-Executive Director

Ecclesiastical Insurance Office plc announced that Caroline Taylor will be appointed as Non-Executive Director.

Ecclesiastical Insurance Office plc Announces Consolidated Earnings Results for the Six Months Ended June 30, 2014

Ecclesiastical Insurance Office PLC announced consolidated earnings results for the six months ended June 30, 2014. For the six months, net earned premiums were £116,672,000 against £155,904,000 a year ago. Total revenue was £162,081,000 against £220,293,000 a year ago. Operating profit was £18,490,000 against £24,429,000 a year ago. Profit before tax was £18,442,000 against £24,368,000 a year ago. Profit for the financial period attributable to equity holders of the parent was £15,190,000 against £21,774,000 a year ago. Net cash used by operating activities was £15,206,000 against net cash from operating activities of £27,168,000 a year ago. Purchases of property, plant and equipment was £592,000 against £286,000 a year ago. Purchases of intangible assets were £772,000 against £791,000 a year ago.

Ecclesiastical Insurance Mulls Acquisitions

Ecclesiastical Insurance Office plc plans to make acquisitions. The company stated: “We will continue to seek out good quality business in our specialist markets and not pursue business where competition drives rates to uneconomic levels. We will not seek growth for growth's sake, but focus on acquiring profitable business which will support our aim to give £50 million to charitable causes over three years.”

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