One Call reports £6.25m fall in profit, despite rise in turnover

down-arrow2

One Call Insurance has reported a drop in profit to £10.75m (2020: £17m) for the financial year ended 31st December 2021.

The fall in profit was in part due to increased administrative expenses from £30.57m to £38.05m in 2021.

In a filing to Companies House, One Call Insurance stated: “The company had a further year of strong sales, and this together with a particular focus on renewal retention rates saw the overall policy count rise by 9.2%.

“As a result of targeted retention growth turnover increased by 3.5% to £52.3m (2020: £50.53m).”

In a breakdown of operating income, the broker also reported that ‘other

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

A leap yeAR blog

On this different numerical day, Emmanuel Kenning takes a look at two sets of intriguing stats from the past month.

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: