CDL grows revenue to £53.7m in 2021
CDL has reported a rise in profit after tax to £11.2m in 2021, up from £9.8m the year before.
Operating profit was also up year-on-year from £11.7m to £15.5m.
The rises for the year to 30 September came as turnover increased by just over £1m to £53.8m.
The uptick in revenue reversed the decline in performance in 2020 when the software specialists slipped back to £52.7m from £52.9m in 2019.
In the latest financial year the technology company added a number of brands to its client base, including Co-op Insurance, RAC Insurance and British Gas.
It also highlighted growth within its
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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Data and Rankings
Broker stress levels hit six-year high
Two in five brokers have reported stress levels as high or very high, the record since Ecclesiastical’s annual Broker Wellbeing Survey was launched in 2019.
Flood Re sees record claims of £241.6m
Flood Re’s gross claims jumped to £241.6m in the past financial year from £45.9m in 2023.
Motor premiums increase by just 1% in Q1 – ABI
Motor premiums rose by just 1% in the first quarter of 2024, however the average claim paid increased by 8% according to the Association of British Insurers.
Law firm closures due to lack of PI slows down
A total of 34 law firms closed due to lack of professional indemnity insurance in 2022/23 up to the end of October, the lowest level since 2018/19.
Beazley’s profit before tax soars 115%
Beazley has reported its profit before tax leapt to $1.25bn (£984m) in 2023, a 115% increase on the year before.
Zurich UK grows in P&C but operating profit flat in 2023
Zurich UK has reported a 9% rise in property and casualty gross written premiums to £3.72bn for 2023.
Car insurance premiums surge 58% in a year
According to research by WTW and Confused, car insurance premiums have soared to a record high with a 58% rise in 2023.
Ecclesiastical urges brokers to highlight risks heritage clients face
Research by Ecclesiastical has found 90% of heritage clients experienced a crime in the past 12 months with graffiti and anti-social behaviour worsening.