Moneysupermarket insurance half-year revenues rise 8%

Price comparison giant Moneysupermarket’s insurance revenues grew by 8% in the first six months of 2015, it has reported.

Group-wide, Moneysupermarket’s revenue grew by 18% to £143.9m in the six months to June 2015, compared with £122.4m in the same period in 2014.

The aggregator also reported that its profit after tax grew 44% to £30.2m, compared with £21m in 2014.

Chief executive Peter Plumb said the board saw prospects for the full year to be modestly ahead of its previous expectations.

He said: “We helped three million families save on their household bills in the first six months of 2015.

“Revenues grew 18% while we put more into tech investment to make Moneysupermarket and Travelsupermarket the easiest way for families to make their money go further.”