Brightside losses balloon to £10m in 2017
Group’s revenue drops by 12%.
Brightside Group has posted a loss after tax of £9.6m for the year ended 31 December 2017, more than treble the £3.1m deficit of 2016.
Revenue for the group declined by 12% to £42.2m from £48m the year before.
A breakdown of the revenue stream showed that the broking division achieved £25.4m of revenue, some £15.3m came from the medical reporting unit and there was £1.4 of other ancillary income.
Retention
In broking gross written premium for private car topped £99m, up 8%, with retention
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