Insurance Post

Saga sees pre-tax profits drop as group hit by £50m IPO costs


Pre-tax profit at Saga dropped by £60m in the six months to 31 July 2014 with IPO costs totalling £50.8m.

The over-50s insurer floated on the London Stock Exchange in May.

Group profit before tax on a like-for-like basis increased 14.9% to £106.5m for the six months ended 31 July 2014 (H1 2013: £92.7m).


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