Half a million1 Aug 2020 17:51
Strongly believe this will go up soon! I've always said the insurance side has massive growth potential .
Been told by a very reliable source, Last Monday was the 3rd ever highest day for new motor insurance policies . They now have reached half a million motor policies within there own underwriting team . They make considerably more money than the broker policies ! When looking back over recent accounts that's a big increase considering we are only 6 months into the financial year , that's 52k motor policies since the last published results and half of last years new policies , considering COVID this goes to show the AA have not been badly affected and are on target IMO
Also noticed the under writing company is based in Gibraltar same as the last holding RNS from inter trader limited .....