Moneysupermarket Group reported a record £432.1m revenue and 8% increase in pre-tax profits to £92.1m in 2023, driven by a surge in insurance switching.
Moneysupermarket Group reported a record £432.1m in revenue and an 8% increase in pre-tax profits to £92.1m for 2023, driven by a surge in insurance switching. The price comparison site, known for its adverts featuring actress Dame Judi Dench, saw insurance revenues rise by 28% due to high premium prices leading to high levels of switching in car and home insurance. The group expects to face challenges in matching the same insurance revenue levels in 2024, particularly in the second half.
February 19, 2024
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