Broker revenue falls at the AA
Revenue from broking activities fell to £100m for the year to 31 January 2022, the AA has revealed.
The business reported £113m from the unit in the previous year.
The number of policies placed by the broker ticked down to 1.92m in the year, compared to 1.94m in the prior 12 months.
While the number of motor policies fell by 25,000 to 1.03m home policies increased to 896,000 from 889,000.
The annual report and accounts for 2022 detailed that average income per motor and home policy from broking reduced to £47 (2021: £59).
The company listed that this was due to retail motor rates being at
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