Towergate maintains Ebitda growth
Towergate has again produced a 5% increase in Ebitda with operating earnings of £119.5m in the nine months to 30 September 2012.
The figure, revealed by the consolidator in its third quarter interim management statement, was identical to the 5% rise seen in the half year results.
Likewise gross written premiums were up by 7% to £2.37bn, similar to the 8% rise reported in the half year figures.
The loss before tax taking into account factors such as writing off goodwill from previous acquisitions remained stable at £42.4m compared to £41.6m in the identical period of 2011.
Broken down by division, the company saw income
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