Ageas protection business continues growth

However the provider did halve its loss from £3.3m to £1.6m over the year to the end of September. Gross written premiums reached £31.3m (up from £16m) while new annual premiums rose 77.3% to £23.4m from 13.2m. It also boasted an increased IFA market share of 7.8%, up from 5.1% at September last year. Expansion in affinity partnerships also accounted for a 69% growth in client numbers to over 170,000 customers. Overall, total income, including the general insurance business, was up 88.6% to £1.358bn compared to £720m in Q3 2010. Total pre-tax profits also rose sharply to £78....