Profits and revenue rise at Brightside
The figures for the year to 31 December revealed a 63.8% increase in total policy sales to 339,916 (2009: 207,509) with van insurance rising from 115,728 in 2009 to 122,989 in 2010.
EBITDA before exceptional other income and share based payments charge also increased by 39.2% to £13.5m (2009 £9.7m).
In June 2010 Brightside raised £8.5m net of expenses through a share placing. The funds were used to acquire the eCar and eBike policy books. Post-acquisition policy sales recorded by eCar and eBike
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 [email protected].
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] 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 [email protected]
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 [email protected]
More on Broker
Videos/Podcasts
Insurance Covid-Cast: How has staff productivity been impacted by remote working?
For the 35th episode of Post and Insurance Age’s video series we gathered together a panel of senior insurance managers to discuss how productive staff have been since Covid-19 lockdown, and whether it has changed as restrictions have eased?
Subscribe to our daily newsletter for all the latest news
Most read
- Insurers urged to pay claims quickly following BI ruling
- BI test case: Brokers buried under avalanche as clients clamour to claim
- Aviva confirms office closures amid restructure
- Blog: The broker fallout from the Supreme Court BI ruling
- Biba reveals measures to help brokers in light of Supreme Court judgment
- Supreme Court rejects insurers' appeals in BI test case judgment
- Blog: Why the BI ruling offers brokers the perfect opportunity to show their mettle