Ardonagh reports rising income and Ebitda for H1 2021 as losses shrink
Consolidator reports loss for the period of £41.3m, while total income for the group hits £433.2m in the first half of the year.
The Ardonagh Group has reported an increase in income and adjusted Ebitda for the six months ended 30 June 2021.
The consolidator said in a statement that income had risen by 33.4% to £433.2m (H1 2020: £324.8m), while Ebitda increased by 34.3% to £115.2m from £80.9m in H1 2020.
Meanwhile, operating costs also increased to £279.9m, compared to £224.9m in the first half of 2020.
In its investor report, Ardonagh reported a loss for the period of £41.3m, an improvement on the loss of £94.1m
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 print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- Cost-of-living crisis pushes up premium finance demand
- Ardonagh strikes A$2.3bn PSC deal
- Video Q&A: Close Brothers Premium Finance MD Shaun Hooper