Company results

Swiftcover racks up £10m loss for 2011

Swiftcover Insurance Services recorded a £10.7m post-tax loss for the year ended 31 December 2011, a substantial fall from the £291,000 profit recorded for the previous year.

Hodges upbeat over rise in Ebitda

Towergate group CEO Mark Hodges has promised “more of the same” for the rest of 2012 as the consolidator revealed an increase in Ebitda and reduced losses.

Profits stable at Confused.com

Admiral, owner of Confused.com, has revealed the comparison site increased total revenue by 7% to £43.2m (H1 2011: £40.4m) in the first six months of 2012.

Co-op insurance operating profits soar

The Co-operative Insurance's operating profit rose by 346% to £30.3m (H1 2011: £6.8m) while its net earned premium edged up 2.9% to £297.5m in the first half of 2012 (H1 2011: £289m).

UK underwriting loss for Equity owner

Equity Red Star owner, Insurance Australia Group (IAG), has revealed that it made an underwriting loss on UK business of AU$23m [£15.21m] for the year ended 30 June 2012.

Profits up at Amlin

Amlin has returned to pre-tax profit in the first half of 2012 with a result of £184.5m reversing a loss of £192.3m in the same period last year.

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