Turnover up 65% and profit up 35% from ‘ethical’ provider
AI Claims Solutions has reported revenue up 65% to £91.9m from £55.7m and a 35% increase in adjusted profits to £2.7m from £2.0m.
It said: “The credit hire industry is now firmly established, and it is strategically important that companies in the market continue to develop cooperative relationships with insurers who are striving to restore profitability and so are actively managing their claims costs.
“Ai, by positioning itself as the 'ethical' provider of accident solutions, is perfectly placed in this regard and continues to focus on satisfying the needs of claimants as quickly, efficiently, and cost effectively as possible in order to facilitate timely claims payment by insurers and minimise its claims settlement uncertainty.”
Highlights 000s (2009 in brackets)
- Revenue 91,929 (55,744)
- Gross margin 18% (26%)
- Adjusted profit 2,722 (2,016)
- Profit before taxation 2,630 (1,874)
- Profit for the period 1,922 (1,301)
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