Quinn-direct’s profits hit high of €153m

QUINN-DIRECT Insurance pushed sales up by 33% to €473m last year despite cutting premium prices by 10% to record pre-tax profits of €153m, up 19%.

The general manager of Quinn-direct, Kevin Lunney said they are extremely pleased with the strong growth and profit being generated by each segment of their business. Mr Lunney said there has been evidence that recent Government initiatives here have lowered the cost of claims on the roads and in the workplace, adding:

“We adopt a very proactive approach to claims management, which helps reduce our exposure to legal and related costs,” he said.