Brit Insurance Holdings has released its income statement and balance sheet for 2004 restated to IFRS. The restatement has resulted in a 13.3% rise in profit before tax from £102.5m under UK GAAP to £116.1m under IFRS. The company also reported a 17% rise in earnings per share
These restated numbers were approved by the Board and have been reported on by Brit's auditors, Ernst & Young LLP, on 8 August 2005.
