Arag posts increased GWP for 2015 but profits slip

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Arag has reported strong growth in business for 2015, with a 12 percent rise in premium under management.

The legal protection and assistance specialist delivered gross written premium increasing to £44.3m last year compared to £39.6m the previous year.

However, the Bristol-headquartered firm posted a fall in profit for the year ended 31 December 2015.

Profit after tax dropped 18 percent to £2.2m last year (2014: £2.7m).

This was driven by several reasons, the firm told Insurance Age.

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