Gocompare a hit for Esure first quarter
Insurance group Esure said first quarter gross written premiums rose 15.5% to £151.0m as income from it's Gompare.com website jumped 19% to £36.3m.
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Chief executive Stuart Vann said he expected to increase Gocompare.com's full year pre-tax profits by 20%-30%.
In-force policies were up 1.7% in the quarter to 2.036m . Motor gross written premiums rose 17.1% to £128.9m with Home gross written premiums up 7.3% to £22.1m.
Motor in-force policies climbed 1.7% in the quarter to 1.459m, with home in-force policies up 1.9% in the quarter to 0.577m.
Additional Services revenues rose 4.1% to £25.4m, broadly in line with year-on-year policy growth.
Esure said its financial position was strong and it remained well capitalised.
"We are on track to deliver on our guidance for 2016," Vann said.