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AA Insurance Service revenue drops 11%

aa-van-2015

Ebitda drops by 10.3% in the motoring services organisation’s insurance service division for the first half of this year.

The AA has reported a decline in revenue at its insurance services division of 10.9% for the first six months of 2015.

The decline from £72.3m in 2014 to £64.4m this year, was put down to last year's figures benefitting from a one-off uplift in financial services generated by the run-off of a credit card business.

The division includes the insurance brokerage activities of the AA, primarily in arranging motor and home insurance for customers, its home emergency activities and its intermediary

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