Admiral CEO warns of aggregator slowdown despite Confused profit

Andrew Pearce
06 Mar 2013

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The Admiral-owned aggregator's 2012 profit came in at £18.2m, up on the £16.1m posted for 2011, while revenue also rose 7% to hit £82.7m (2011: £77.6m).

Confused's operating margin improved marginally to 22% in 2012 (2011: 21%) and its revenue from non-car insurance comparison sources continued to represent about one fifth of total revenue.

The news came as the provider reported an increase in group pre-tax profits to £345m for 2012.

Commenting on the aggregator's performance, Mr Engelhardt

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.

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]

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]

To continue reading...

Sign In

Access Insurance Age

You are currently on corporate access.