Arag posts 60% profit leap in run-up to Das UK integration

arrow-shutterstock-96752269

Legal expenses insurer Arag grew profit and turnover in 2023 as it readied itself for the takeover of Das UK.

Arag plc’s gross written premium surged 8.6% to £66.1m having broken through the £60m barrier in 2022.

The provider noted growth in after-the-event insurance and “strong growth” in its before-the-event legal expenses insurance and assistance business.

The number of commercial BTE risks insured saw the biggest increase, rising by more than 26% on 2022, Arag detailed.

The business delivered its 14th successive year of profit.

The total was up £300,000 year-on-year to £800,000 as the company beat its

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

Review of the Year 2024: Markerstudy’s Gary Humphreys

Gary Humphreys, group chief underwriting officer at Markerstudy, hails the completion of the Atlanta deal, dreams of having the MGA’s brand adorn the Tottenham Hotspur Stadium and mulls sitting on the sofa and doing Channel 4’s Gogglebox.

Lycetts buys broker Cheviot

Lycetts has strengthened its presence in the North East, purchasing fellow Newcastle-based broker Cheviot Insurance Services.

Most read articles loading...

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: