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Arag posts turnover rise for 2019

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But the business also saw a fall in profits as MD Tony Buss says provider has revised its expectations for 2020 due to the pandemic.

Legal expenses provider Arag has posted a 14.7% rise in turnover to £14.1m for the full year 2019 (2018: £12.3m).

In addition, the business stated that its gross written premium under management has increased by more than 6% in 2019 to £40.1m (2018: £37.8m).

However, in a filing on Companies House, the UK business also revealed a slight drop in profit to £377,596 in 2019 from £463,079 in the preceding year.

In addition, operating profit also slipped to £480,364 in 2019 (2018: £570,151), while

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