
Towergate delivers rising Ebitda and reduced losses

The company also declared that it had cut its operating spend by 3%.
The results came as the consolidator's losses before tax narrowed slightly to £25.1m (H1 2011: £25.5m) with income broadly flat at £219.5m (H1 2011: £219.3m).
However gross written premiums rose by 8% to £1.6bn from £1.47bn in the comparable period the year before.
The increase in Ebitda - defined by Towergate as operating earnings - for the six months to 30 June 2012, will have been particularly pleasing for group CEO Mark
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
Most read
- Acrisure plants flag in UK with Russell Scanlan buy
- Greggs ups events in Zurich BI £150m court case claim
- Ceta launches notional home insurance product
- Jensten expects to reach £500m GWP goal by the end of the year
- FCA warned on nearly 2000 potential scams in 2021/22
- Amicus hits £22m in GWP and sets sights on M&A
- Gallagher buys Innovo as “launch-pad” into Ireland