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Zego targets £1bn in premium as it achieves profitability

Sten Saar Zego

As Zego announces a new round of funding, plus a partnership with Sompo, the insurtech’s CEO Sten Saar has told Insurance Post the unicorn has achieved profitability for 2025.

In 2024, Zego posted a net loss of £4m. While this was a vast improvement on the £34m loss in 2023, it was still a loss.

However, after posting two profitable quarters at the end of 2024 and at the

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