Towergate owners post £261m loss for 2017

money

Ardonagh Group reveals Ebitda loss of £42.5m.

The Ardonagh Group has posted a loss of £260.9m for the year ended 31 December 2017, compared to a £45.4m loss in 2016, according to its investor report.

In addition, the broker revealed an Ebitda loss of £42.5m for the year, reversing a profit of £33.9m in the preceding year. 

Income
However, in its financial report for 2017,the company reported total income of £535.7m for 2017, an 11.3% rise from £481.3m in 2016.

The business stated that 3.5% of its income growth was achieved organically

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 copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Markerstudy rebrands broking arm

Markerstudy Broking has been renamed to Markerstudy Distribution to encapsulate the range of products and services across the whole division, the business has confirmed.

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: