Esure Group anticipates UK growth following $258 million revamp
Investing.com -- Esure Group Plc, a UK-based home and motor insurance firm, expects to see continued expansion in the country following a substantial revamp program.
According to CEO David McMillan, the company invested £200 million ($258 million) in a comprehensive overhaul that included technological upgrades, process improvements, and cultural shifts.
The revamp program, backed by private equity firm Bain Capital, was completed last year. It resulted in a significant increase in Esure’s turnover, which grew by 14% to reach £1.1 billion in 2024, as detailed in a statement released on Tuesday.
This is a notable improvement from the previous year when the company reported a loss. In 2024, Esure posted a trading profit of £126.8 million.
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