Revenue flat and profit down for AA’s insurance division
Policy total nudges up for the first half of 2018.
The AA has posted a drop in trading Ebitda for its insurance division to £29m for the start of 2018.
The 15% decline for the six months to the end of July (H1 2017: £34m) came as revenue was flat at £69m.
The total number in force motor and home policies was similarly stable, creeping up from 1.46m in the same period of 2017 to 1.48m this year.
The company explained that the Ebitda fall was in line with expectations and came as a result of higher marketing spend as it positioned the business
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