Brightside revenue drops by £10m in "very tough" 2016
Ebitda also fell in 2016 to £3.9m from £7.0m but CEO Mark Cliff insists that the first half of 2017 has seen an uptick in numbers.
Brightside Group has reported a fall in Ebitda for 2016 to £3.9m, compared to £7.0m in 2015.
In its financial results for the year the broker also revealed a drop in revenues to £49.4m in 2016 (2015: £59.4m).
However, Brightside noted that the business was now turning around, reporting a 57% increase in Ebitda to £2.65m for the first half of 2017, compared to £1.68m in the first half of 2016.
In addition, the broker further stated that its policy count was increasing for the first time in
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
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop