Brightside reports record year
AIM listed Brightside Group has announced record profits of £4.7m (2008 restated: £2.6m) after tax for 2009.
The Bristol-based broking group also reported a 35% increase in revenue to £44.7m (2008: £33.2m). Following the announcement of record results the company has seen an 8% rise in its share price to 27.5p.
The broker saw an overall increase in policy sales to 197,000, up 30% on 2008, with van insurance up by 18% to 105,000 (2008: 89,000) and on-line home insurance policy sales increasing by 127% to 25,000 (2008: 11,000).
Paul Chase-Gardener, chief executive of Brightside, commented: "2009 has
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
- Wakam receives PRA approval for new £500m GWP UK insurer
- Aviva’s David Martin on the art of the possible
- Brokers push for more from RSA/NIG