Arag posts £1.9m pre-tax profit for 2021

Gold

Arag has reported a pre-tax profit of £1.9m for 2021, up on the £500,000 achieved the year before.

The legal expenses insurer noted this is the twelfth profitable year in a row.

The business stated that the 2021 performance was boosted by the receipt of some outstanding after-the-event income following successful outcomes to premium challenge cases in previous years and strong before-the-event growth, particularly in the commercial legal expenses insurance market.

The company’s premium under management topped £50m, for the first time during the year. A 20% increase on the £42.8m achieved in

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