Profits soar at Confused
Owner Admiral reports rises in revenue, profit and UK car insurance customers for the first half of 2016.
Confused.com has reported a rise in revenue to £44m for the first six months of 2016 compared to £38.9m in the same period of last year.
The aggregator noted that the UK price comparison market remains fiercely competitive, but added that "favourable market conditions" which it detailed as rising prices and more shopping activity meant more visitors to the website.
Profit for the half year nearly doubled from £4.8m to £8.3m.
Parent company Admiral posted a 4% rise in profit before tax to £193m
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 info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk 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 info@insuranceage.co.uk
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 info@insuranceage.co.uk
Most read
- Markerstudy gets CMA greenlight to complete £1.2bn Atlanta deal
- FCA warns insurers, again, on undervaluing total loss motor claims
- Ajay Mistry launches insurance broker