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