Towergate holding company posts £73m pre-tax loss for 2016

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Towergate holding company Finco has revealed a loss before tax of £73.0m for 2016, according to the Towergate Insurance annual report.

This is compared to the pre-tax loss of £210.9m posted for the preceding year.

The company also saw a fall in income from commission and fees to £317.9m (2015: £338.6m).

Loss
In addition, Finco reported a loss on continuing operations of £61.2m, which is an improvement from the £204.4m deficit it recorded in 2015.

Group operating loss reduced to £26.2m from £

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