Towergate posts £58m half-year loss
Income drops 10% for first six months of 2015.
Towergate has revealed a slew of negative numbers in its results for the year to 30 June 2015.
Income at the company dropped 10% to £184m from £204m in the same period of 2014 as operating earnings tumbled by 40% to £39m (H1 2014: £65m).
And the consolidator swapped a pre-tax profit of £15m at this point last year for a £58m loss this year.
Meanwhile the expense ratio at the firm climbed by 11 points to 79% for the first six months.
Divisions
Broken down by division all the metrics across the
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