Cobra Group delivers stable revenue
The organisation reported a loss in the year due to costs relating to the PIB deal but all other metrics showed growth.
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.
Loss
However
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