AA’s insurance division sees 11% hike in revenue
Insurance Ebitda up but policy numbers fall slightly.
The AA has reported a 11% trading revenue rise in its insurance division to £145m for the year ended 31 January 2018.
It was the first time that the figures for the division consisting of Insurance Services – for broking – and its in-house insurance underwriting unit were reported in this format.
Trading Ebitda was also up, by 8%, to £71m.
However the total number of policies in force dropped from 1,451,000 to 1,447,000.
Motor policies were up by 6% to 629,000 but home policies declined by 5
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