Saga broking business improves profit as it strikes deal with Allianz on pet insurance
Saga’s broking business has reported profit before tax improved to £15.9m (H1 2025: £9.1m) in the first half of 2026 on reduced gross written premiums of £266.4m (H1 2025: £279.7m).
It reported motor broking GWP of £131.2m (H1 2025: £145.2m), home broking GWP of 58.5m (H1 2025: £66.6m) and other broking (primarily comprising PMI and travel insurance) of £76.7m (H1 2025: £67.9m).
It added its underlying revenue was £25.4m (H1 2025: £24.8m) in motor, £20m (£14.8m) in home and £26.3m (£24.9m) in other.
Saga’s policies in force at the half year were 670,000 in motor, 391,000 in household and 243,000 in other compared with 628,000, 448,000 and 171,000 respectively at the same
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 or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insight
Building better brokerages – leadership, talent and technology
Broker Expo 2026 Countdown: Building a successful brokerage today requires far more than organic growth. From attracting talent and embracing new technology to developing culture and productivity, Rachel Gordon delves into this topic ahead of an Expo panel session next week.
Growing FCA attestation appetite a warning for brokers
The Financial Conduct Authority has increased the level of attestation requests dished out to insurance firms in recent years, and the serious regulatory tool is one brokers need to keep a keen eye on according to compliance specialists.
Momentum broker launches with ex-Erskine Murray boss backing
CPC Insurance Brokers has launched, with backing from former Erskine Murray owner Tom Bartleet. Founder of the new firm, Paul Huntley, has highlighted the buzz from getting his first client along with the importance of building trust over the long term.
Why insurer oversight cannot become another regulatory box-ticking exercise
With regulatory workloads continuing to grow and the FCA maintaining its focus on customer outcomes, Insurance DataLab co-founder Matt Scott explains why brokers need a practical, evidence-led approach to insurer oversight.
TH March boosted turnover and headcount in year of EOT switch
Top 100 UK broker TH March grew turnover by 5% in the financial year it switched to an employee ownership trust, a filing at Companies House has revealed.
Broker Expo Countdown Q&A: RE:NU Underwriting’s Mark Cross
Ahead of RE:NU Underwriting’s debut at Broker Expo 2026, CUO Mark Cross explains how the new MGA will combine experienced underwriting, technology and enriched data to make residential and commercial property owners risks – including unoccupied and non-standard cases – quicker and easier for brokers to place.
Specialist advice, specialist value – creating a competitive advantage through expertise
Broker Expo 2026 Countdown: As clients become more diverse and risks more complex, specialist knowledge is becoming one of the industry’s greatest differentiators. Rachel Gordon argues fortune favours the niche players ahead of an Expo panel session next week.
TBIG’s Chris Clacy on why one day out of the office really can create opportunities that last for years
Chris Clacy, business development director at The Broker Investment Group, explains why Broker Expo is a great opportunity to step away from the day to day and have the conversations that can create genuine opportunities for the year ahead.