Ardonagh losses shrink at first full year results

David Ross

The business reported a total loss for 2018 of £111.6m, a significant improvement on 2017’s figures.

The losses at Ardonagh Group are continuing to shrink as chairman John Tiner stated that much of the turnaround is now “largely complete” with 2018 acting as pivotal 12 months.

On a group call with journalists CEO David Ross agreed: “It is a defining year as a business.” He added that it was also the year when the majority of “legacy and change programmes came to an end”.

The investor

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