Growing insurance business lifts earnings for Moneysupermarket
The insurance division of aggregator Moneysupermarket.com saw 2016 revenues rise 11% on the previous year to £155.2m ($190.8m) and it posted a profit of £73.5m after tax. The company said revenues in 2016 rose by 2% in H1 and 20% in H2, prompting an increase in the dividend of 8% and a £40m share buyback. The company credited growth in this line of business to extra planned marketing and its new technology platform. CEO Peter Plumb said Moneysupermarket.com stood out from its rivals because it was "more personalised, more informed, quicker and easier". 

The aggregator posted £73.5m in profit after tax in 2016, an increase of 16%.

Moneysupermarket.com's insurance division has generated £155.2m in revenue for the year ended 31 December 2016, up 11% on the £140.2m figure for the previous year.

The aggregator's insurance business allows customers to search for and compare insurance products including breakdown, home, life, motor, pet and travel insurance.



The firm further noted that after a weak end to 2015 its insurance business recovered strongly in 2016 with revenues rising by 2% in the first half and 20% in the second