Many Pets’ £42m loss highlights issues


Many Pets posted a £42m loss for the year to 31 March 2023, on top of the £31m loss for the year before.

According to Companies House filings, for the years ending 31 March 2020 (£16.5m), 2021 (£22m), 2022 (£31m) and 2023 (£42m), the pet insurer has posted a total loss of more than £111m.

While it is

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RSA sells direct PL business to Admiral

RSA and its parent company Intact Financial Corporation has this morning confirmed the sale of its UK personal lines operations to Admiral Group Plc for an initial cash consideration of £82.5m, as reported by Insurance Post earlier this week.

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