Saga’s insurance coverage broking arm reported a complete earned underlying revenue earlier than tax of £14.4m in 2024 (2023: £39.8m) in its remaining full 12 months outcomes earlier than it completes a brand new distribution partnership with Ageas.
The deal was signed on the finish of 2024, on the identical time the over 50s specialist Saga finalised the sale of its underwriting enterprise, Acromas Insurance coverage Firm, to the identical insurer.
Saga stated the work to transition to the brand new 20-year motor and residential insurance coverage partnership [with Ageas] is on observe for the brand new association to go reside in This autumn 2025; the sale of the insurance coverage underwriting enterprise, can also be on observe and anticipated to finish in Q2 2025, topic to regulatory approval.
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