AA profits hit by greater aggregator spend

aa-van-2015

The insurance services business in the group saw its trading Ebitda fall from £78m to £76m. Trading revenue in the segment was £131m in the year to 31 January 2017, exactly the same as that in last year’s results. The number of policies in force fell 9% from 2.1m to 1.9m, owing to a planned decline in the travel segment. The group’s newly launched underwriting business performed “ahead of expectations”, with 115,000 policies in its first year of business. Bob Mackenzie, executive chairman