MMA shifts portfolio in favour of non motor
Intermediary-only insurer, MMA Insurance has reported a fourth year of financial growth. Last year its non motor portfolio grew to over 50% of Gross Written Premium a deliberate move designed to balance its portfolio.
In 2006 the insurer’s top line income increased by 5.7% to £217m with a profit before tax of £17.5m. MMA had a pre-tax return on equity of 21% and maintained a market-leading expense ratio of 8.3%.MM
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