AA’s insurance business sees revenue rise
Insurance business shows growth in number of policies in motor and home as broker division adds Aviva to panel.
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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