CII institute pushes back into the operating black
The institute arm of the Chartered Insurance Institute Group returned to operating profit in 2023 with a £745,000 surplus after three years of red ink.
When Covid hit in 2020, the institute posted a £6.63m operating shortfall, trimming this to £1.47m in 2021 and halving the gap to £760,000 in 2022.
Operating income for the institute was up by 11% last year to £27.67m.
The results came as the CII Group, including the likes of the Personal Finance Society, delivered higher income but a lower surplus despite benefitting from a £1.19m tax credit.
DemandGroup income rose from £40.53m in 2022 to £42.46m.
I am delighted to say on behalf of the CII group
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