Mulsanne parent moves into profit
Refinancing sees the insurer, which also owns Complete Cover Group, move back into profit in 2020.
Key Topco, the parent firm of Mulsanne Insurance and Complete Cover Group, has reported profit after tax of £60.9m for the full year 2020, up on the £22.7m loss the previous year.
A Companies House document showed that the business reported increased GWP of £54.8m (2019: £37.3m) and an operating profit of £2.7m compared to a loss of £7.9m the previous year.
Gross claims fell to £23.8m compared to £27.5m in 2019.
Directors pointed out that much of the improved performance was due to
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