Be Wiser reports £1m jump in profit
Be Wiser Insurance Services has reported profit before tax of £2.3m for the year ended May 2012.
This is compared with £1.3m reported for the same period last year.
Premium income jumped by 43%, from £53m in 2011 to £76m in 2012, and turnover also grew by 43%, from £12.1m in 2011 to £17.4m this year.
Policy holder numbers increased to 110,000 from 77,000 in the year ended May 2011, and the firm now employs 300 staff.
The Andover-based broker said it has plans to invest part of this year’s profits into further developing its training academy.
Andrew Dunkerley, finance director at Be Wiser
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