Hiscox interim pre-tax profit up 43.6%

I posted yesterday following Hiscox interim results when they reaffirmed their dividend growth policy and increased their dividend by a whopping 16.7%. I failed to note though that the dividend growth was possible due to an increase in interim pre-tax profit that dwarfs the dividend increase. In 2012 the interim pre-tax profits were £125.8m which increased to £180.7m in 2013. This clearly justifies such a dividend growth.