AA’s insurance business sees revenue rise

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The AA reported that its insurance revenue for the first half of 2019 of £73m, up on the £69m reported for the same period last year.

Ebitda slipped to £28m (H1 2018: £29m) and average income per policy fell to £69m compared to £73m this time last year.

Operating profit also dropped slightly from £25m this time last year to £23m.

Its financial services segment, which includes broking reported a revenue increase of 2% to £62m (H1 19: £61m), in line with expectations. 

The motor policy book

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