Ardonagh posts double digital advisory growth but retail fall
Ardonagh achieved 12.1% growth in advisory income in the third quarter but turnover in retail dropped 11.3%.
The advisory rise, compared to the same period of 2021, took income up to £99.1m for the three months. The result boosted the year-to-date figure to £300.1m, some 15.5% ahead of where the division stood at the same point last year.
Ardonagh noted there was “continued strong organic income growth” in the quarter citing “new producer hires rapidly grow to maturity and growth initiatives build momentum”.
However it was a different picture in the retail unit which includes the likes of Autonet
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
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Dual to open two UK offices as McGinn’s regional push gathers pace