Daily Insurance Industry News
 
 
Daily Insurance Industry News
Friday 27th of April 2018
September 28, 2011

Ai Claims Solutions reports record profits

by Richard Kilner

Story link: Ai Claims Solutions reports record profits

Ai Claims Solutions plc has reported its preliminary financial results for the year ending 30 June 2011.

Revenue rose by more than a quarter (28%) from £92m to a record high of £118m, with pre-tax profits rising from £2.6m to to £3.7m.

Annual adjusted profits also increased, up by 40% from £2.7m last year to a record £3.8m in the most recent financial year.

Chairman Steve Broughton expressed his pleasure at the firm achieving another record set of results, defying the even tougher market conditions in which the results were achieved.

Broughton went on to say that the profit of £3.8m was in line with the expectations of the management.

He re-emphasised the firm’s commitment to service, innovation and ethics, and stated that firm’s ambitions to expand into new areas and diversify its portfolio.

 

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