The AA’s insurance coverage arm’s adjusted Ebitda rose by 42% to £64m as its dealer books fell barely within the 12 months ended 31 January 2024.
The whole income for the insurance coverage arm jumped to £355m from £295m the 12 months prior.
It was made up primarily by £1o2m from broking actions and £234m from underwriting.
In its insurance coverage dealer, the motor guide fell from simply over 1m insurance policies in 2023 to 996,000. The house guide additionally decreased by 2.8% to 731,000 this 12 months.
The insurance coverage division contains the AA’s in-house underwriter, which began buying and selling in January 2016. This grew from 958,000 insurance policies in 2023 to 1.1m. Motor insurance policies written by the in
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