Esure-owned aggregator Gocompare has recorded a 22.3% growth in revenue in the first half of 2016 compared to 2015 at £72.9m(H1 2015: £59.6m).
In a statement Esure said that Gocompare – that is subject to a potential disposal – had seen an upturn due to a “reinvigorated” marketing campaign featuring Gio Compario; whilst this marketing spend contributed to the rise in expenses.
Overall Esure said that its underlying profit before tax was down 1.9% to £45.6m (H1 2015: £46.5m) due to adverse weather events in the first half of the year. Its gross written premium increased 16.3% to £320.4m (H1 2015: £275.5M) and in force policies stood at 2.076m, up 3.7% from 1.995m at this point in 2015.
In June the business announced Matthew Crummack, former boss at travel website Lastminute, will take on the role of CEO at Gocompare from Jon Morrell.
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