Brightside posts tenth year of "record profits"
Brightside Group has posted its tenth successive year of "record profits" as the broker maintained it is well placed for 2013's "expected market softening".
Pre-tax profits at the Bristol-based broker leapt 28.7% to £17.5m for 2012, up from the £13.6m recorded during 2011.
EBITDA also rose by 21.6% to reach £22.5m, an increase on the £18.5m posted the previous year, while revenue jumped to £91.2m from £80.4m.
The figures saw the broker's earnings per share increase to 2.78p, a rise of 35.6% from 2.05p. And annual insurance policy sales rose 12% to hit 400,210 (2011: 357,261).
However, on a rare negative note, sales of its online home policies
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