AA targeting over two million motor and home policies in five year growth plan

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The AA has revealed ambitious insurance growth plans in a strategic review.

It has committed to investing £45m across its roadside and insurance divisions and warned that accordingly Ebitda is projected to drop.

A statement at the start of the month forecast Ebitda for year ended 31 January 2018 to come in at between £390m and £395m.

The latest update indicated Ebitda would decline to £335m-£345m for the year ended 31 January 2019.

Currently the firm handles over 600,000 motor policies.

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