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PruProtect sales up by 40 per cent

PruProtect saw its new protection sales jump 40 per cent from £18.1m in the last six months of 2011 to £25.4m in the last six months of 2012.

Its annual premium equivalent – a common sales measure used by UK insurers which measures total premiums billed but not necessarily collected within a certain period – was £87.8m at the end of 2012, up from 59 per cent on the £55.3m reported at the end of 2011.

The combined pre-tax profit of PruProtect and sister firm PruHealth, the private medical insurer, was £21.7m in the last six months of 2012, up 30 per cent on the £16.7m pre-tax profit reported for the last six months of 2011.


Nigel Stockton

Taking Stock

I saw the first snowdrops earlier this week and wondered if this was the start of an early spring. Certainly the thaw in lending continues apace with a very busy February for our brokers and appointed reps in Mortgage Intelligence. For the first time you can make an argument that remaining on SVR is not […]

Lloyds TSB Scotland pulls plug on intermediary mortgage lending

Lloyds TSB Scotland’s intermediary arm will stop accepting new mortgage applications at the end of the month. Customers with existing Lloyds TSB Scotland Spearhead mortgages are unaffected by the decision. Brokers must submit requests for new decision in principles by 10pm on 15 March and full applications must be submitted by 10pm on 31 March. […]

John Charcol ramping up its self-employed adviser division

  London brokerage John Charcol is looking to ramp up its self-employed division in 2013 to aid as a retention tool and a way of bringing new blood into the business. Currently the brokerage, which is part of Towergate Financial Group, has an employed arm made up of 35 advisers and its self-employed arm has […]

'Feeling the Squeeze'

Royal London carried out a UK wide survey with 2,500 consumers age 35-44 over the summer. The survey found that over a third, 34 per cent, said their finances felt Squeezed and so were struggling to meet day-to-day expenses, despite 87 per cent being aware that they need to save more. However, the survey did […]


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