Moneysupermarket insurance revenues climb

Moneysupermarket.com Group said insurance revenues in the nine months to September were up 15% from a year earlier to £135.8m.

Insurance revenues for the third quarter were up 6% to £80.3m.

The price comparison site said revenues from all its operations were up 5% for the nine month period to £255.5m, and up 6% for the third quarter to £90.2m.

Growth in the quarter was driven by “continued strong performance from insurance switching”, the company said in a trading statement to the London Stock Exchange.

“We are on track for another record year because we are helping more people save more money across their household bills: from insurance and credit cards to holidays, broadband and energy,” said chief executive Mark Lewis.

“We’re particularly encouraged by the continued growth of insurance, and momentum in energy switching, as families look to find better deals.

He added that the company “remains confident of meeting full year expectations”.