Accredited’s GWP up 34% in first half of 2023
For sale insurance fronting business Accredited has reported gross written premium of $1.1bn (£900m) for the first half of 2023, a 34% increase compared with the same period in 2022.
It returned a pre-tax operating profit of $28.6m.
This was an increase of 86% on the first six months of last year, representing a 57.0% margin on gross operating income, which was up year-on-year by 13.4 percentage points.
Accredited said the primary driver of pre-tax operating profit was fee income, which at $46.2m was ahead 18% compared with the prior period.
Related R&Q in ‘advanced’ talks for sale of Policy Expert capacity backer Accredited Accredited Europe looks toOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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