Insurance revenue and Ebitda drop at the AA
Firm’s annual results show decrease in insurance policy numbers.
The AA's Insurance Services division has posted a 7.7% decrease in revenue for the year ended 31 January 2016.
The figures revealed that revenue decreased from £142m in 2015 to £131m in the past 12 months.
The policy count for the business also fell to 2.07m from 2.16m the year before.
According to the firm, this 4.1% decline was due to higher motor premiums which caused customer churn. It also cited a decrease in motor ancillary income but highlighted that it had focused on profitability
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Pen inks £150m social housing capacity deal with SiriusPoint
- In Depth: Managing cyber risk in an ever-changing security landscape