Peter Duffy, chief executive of Mony, said: “We are proud to have helped customers save a record £2.9 billion – the more customers save, the more the group grows.
The company said it will pay out a shareholder dividend of 12.5p per share, up 3%, as it also confirmed plans to hand up to £30 million to shareholders through a buyback.
The parent firm of MoneySupermarket has said it will hand out higher shareholder dividends and launch a share buyback after revealing a jump in profits.
Insurance revenues grew by 7% to £235.6 million in the year, driven by a strong first half of 2024.
It added that its breadth of business areas is set to help the company continue recent momentum “despite headwinds in the car insurance switching market”.
