MMA reports a record £19.7m profit
Intermediary-only insurer MMA Insurance (MMA) announced that it has delivered its best ever profit t...
Intermediary-only insurer MMA Insurance (MMA) announced that it has delivered its best ever profit this year, against a background of portfolio shift and internal reorganisation.
The company was able to report an operating profit of £19.7m, a total pre-tax profit of £27.7m and an increase of 6% in renewable income.
While private motor still accounts for around 40% of the portfolio mix, MMA said it was increasingly focusing on property business, particularly in the small and medium sized enterprise
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
- Cost-of-living crisis pushes up premium finance demand
- Video Q&A: Close Brothers Premium Finance MD Shaun Hooper
- Ardonagh strikes A$2.3bn PSC deal