MMA Holdings UK made a £9.5m profit in 2010, up 14.6% on the £8.3m it made in 2009.
This was despite a 19% drop in total income at the insurance group to £12.4m from £15.5m.
The higher profit comes amid improved performance at its operating units, including insurance broker Swinton and insurer MMA Insurance.
Swinton’s profit after tax increased 14.7% to £28.2m in 2010 from £24.5m in 2009. Meanwhile, MMA Insurance returned to profitability, posting a 2010 profit of £1.1m compared with a 2009 loss of £9.6m.
Gateway, MMA Holdings UK’s Gibraltar-based motor insurer, made a loss of £1.6m for the year, but this was an improvement over the £2.6m loss it made in 2009.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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