Brightside says half-year results would be "envy" of brokers
Brightside Group has announced robust growth for the first half of 2012 with revenue and pre-tax profit both rising.
The Bristol-based broker saw revenue rise by 10% to £43.6m (H1 2011: £39.8m) and pre-tax profit jump by 14% (H1 2011: £7.2m) for the six months ended 30 June 2012.
Net profit margin - based on pre-tax profit - also rose by 19% compared to 18% during the same period last year.
Although total policy sales were down 5% to 227,610 from 240,665, chief executive Martyn Holman insisted it reflected on the group's strategy to focus on profitable business rather than policy volume.
While the business
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
- Zurich strikes five-year capacity deal with MGA Freedom Services
- Aviva to open branches in Chelmsford and Southampton
- Dual to open two UK offices as McGinn’s regional push gathers pace