Cobra Group delivers stable revenue


Alto Insurance Group – the holding company for Cobra’s network, London Markets, underwriting and insurance brokers businesses – delivered revenue growth to £14.8m in 2019 (2018: £14.4m).

Its results for the year to 31 March 2019, published on Companies House, also saw it report Ebitda of £1.5m, which edged up from 2018’s £1.4m.

Commission and fees also went up to 3.7% from 0.8%. Operating profit before exceptionals was £744,764, a lift compared to the £645,311 posted last year.


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