Growth returning for Ageas’ retail businesses, says Watson
Insurer says it is one year into three-year simplification and growth plan.
Andy Watson, chief executive of Ageas UK, has reiterated that the results of the provider's retail businesses - which includes companies such as Kwik Fit Insurance Services and Rias - were "within our expectations for 2014".
The provider's division posted profit of £12.8m and revenues of £164.7m for the year.
In 2013 the figures were £23.3m and £177m respectively while back in 2011 the unit achieved £29.4m in profit and £213.6m in revenue.
Future
Stating that he would not be "making any future
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