Towergate losses peak at almost £16m in Q1

Mark Hodges

This is compared with a loss of £14.4m for the equivalent period of 2011.

Towergate Insurance reported group operating earnings of £34.3m for the first three months of 2012, a 9% improvement on the £31.4m reported for the same period of 2011.

Group income increased by 2%, from £103.3m for the first quarter of 2011 to £105.5m for Q1 2012.

The company’s underwriting division showed a 12% increase in income over the quarter, from £17.5m to £19.6m, and a 31% increase in operating earnings from £6.1m

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 copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: