LONDON (Alliance News) - FTSE 250-listed insurer esure Group PLC on Wednesday said its gross written premiums edged up in the first nine months of 2015 and said it remains on track for the full year.
The company, which owns the Sheila's Wheels insurance brand and the GoCompare.com price comparison site, said gross written premiums for the first nine months hit GBP430.5 million, up from GBP410.0 million a year earlier. Motor premiums rose to GBP364.1 million from GBP343.8 million in the period, while home insurance premiums rose to GBP66.4 million from GBP66.2 million.
In-force policies for the group rose slightly to 1.99 million from 1.95 million a year earlier. Additional service revenue fell to GBP77.9 million from GBP79.0 million, while GoCompare revenue rose to GBP90.2 million from GBP88.1 million.
esure said its capital position remains strong, and it is on track for the implementation of the Solvency II regulatory regime in Europe.
Shares in esure were up 0.4% to 256.10 pence on Wednesday morning.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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