AA’s insurance arm Ebitda jumps by 42%
The AA’s insurance arm’s adjusted Ebitda rose by 42% to £64m as its broker books fell slightly in the year ended 31 January 2024.
The total revenue for the insurance arm jumped to £355m from £295m the year prior.
It was made up mainly by £1o2m from broking activities and £234m from underwriting.
In its insurance broker, the motor book fell from just over 1m policies in 2023 to 996,000. The home book also decreased by 2.8% to 731,000 this year.
The insurance division includes the AA’s in-house underwriter, which started trading in January 2016. This grew from 958,000 policies in 2023 to 1.1m. Motor policies written by the in
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