Admiral CEO warns of aggregator slowdown despite Confused profit
Confused.com recorded rising profits for the first time in four years as Admiral group CEO Henry Engelhardt admitted that the rate of aggregator growth was "slowing".
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
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