Momentum Broker Solutions unveils 2018 results

results

Network saw operating profit rise by 71%.

Momentum Broker Solutions has posted a 71% rise in operating profit to £594,766 for the year ended 31 December 2018 (2017: £347,357).

The document, filed on Companies House, also revealed a growth of 57% in the network’s profit before tax, from £348,880 in the previous year to £547,848 in 2018.

In addition, the business stated that it had seen its premiums rise by 35% to £32m in 2018 from £24m in 2017. Similarly, its turnover in 2017 was £4.8m and increased by 34% to £6.4m.

Investment
Momentu

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

Applied updates on commercial push

Applied Systems has confirmed Arch Insurance is about to enter the pilot phase of onboarding and will be live on the Applied Epic broker management system in April, with Iprism and Ark to follow and more promised in 2024.

GIC completes Miller deal

Institutional investor GIC has completed the takeover of Miller, buying out previous co-investor private equity house Cinven.

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: