IT provider The Innovation Group (TIG) reported an operating loss of £10.2m in the nine months to 30 June.
At the same point last year the group lost £376m. It underwent significant restructuring at the end of last year.
Saddled with the legacy of complex acquisitions, it reported a goodwill amortisation charge of £12.3m . Excluding amortisation, TIG made a profit before tax of £1.9m against £14.5m in the prior period.
Turnover in the period was £45m, down from £84m in the prior period. Basic loss per share was 3.12p, against a loss of 168.18p.
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.
