London-based insurance broking arm of Bermuda-registered Jardine Matheson Holdings Ltd., according to preliminary results.

Profit for the year ended December 31, 1994 is up $1.9 million to $8.1 million over $6.2 million reported a year earlier.

Before tax profit increased 12 percent from $34.3 million to $38.3 million while earnings per share increased one percent to 18 cents, according to Bloomberg business news.

"In increasingly competitive conditions JIB achieved record levels of new business. Operating margins have improved for the third successive year and we will continue with our efforts to improve efficiency in 1995. We anticipate further growth particularly in the fast growing economies of Asia,'' said Mr.

Rodney Leach, chairman of JIB.

"Overall we expect world markets to remain competitive during 1995. The increase in capacity in London and Bermuda is beginning to influence the London market and prices in some sectors such as marine and UK property are starting to come off their peaks,'' he added.

Group turnover rose six percent to $355.2 million from $335.6 million.

Insurance broking turnover for the group rose five percent from $292.6 million to $306.2 million while reinsurance broking turnover rose 16 percent from $39.8 million to $46 million.

Pretax profit for the former climbed from $24.1 million to $27.6 million and from $10.1 million to $11.8 million for the latter.

Administrative expenses rose three percent from $310.4 million to $320.3 million while net assets increased marginally from $33.2 million to $33.5 million.

Investment income was off 18 percent at 21.8 million compared to $26.6 million.