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