Fortis reports strong half-year results
Fortis has announced its half year results which show, that despite market pressures, it has managed to produce steady growth throughout the company, particularly in private car, with the number insured now standing at more than 1.6 million.
The insurer recorded £383m in gross written premiums (GWP), up 14% on the same period last year. Private car increased by 24% and the retail business reported an 8% increase in commission income. Fortis also secured a number of significant renewals and deals in the first six months of the year including lead insurer position on the Marks & Spencer Money motor insurance panel.
Barry Smith, CEO of Fortis commented: “I am pleased to announce these positive results for Fortis, which show both the
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
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop