Interim Results

LOWER MOTOR AND HOME BROKING RESULT BUT IMPROVED TRAVEL INSURANCE SALES Year-on-year movement in written Retail Broking Underlying Profit Before Tax £3.3m (£9.7m) (£0.6m) £4.8m £2.0m (£1.5m) (£0.8m) £39.5m Motor and home contribution £37.0m (£6.4m) 1 2 3 4 5 HY 2021 New business contribution Renewals contribution PMI Travel insurance CHMC Group recharges and cost transfers Underlying operating expenses and other HY 2022 1 Increased new business margins post FCA market study, partially offset by lower new business volumes and higher proportion through price-comparison websites 2 2ppt improvement in retention offset by reduced renewal margins post market study 3 Stable PMI sales, offset by renewal pricing actions and lower profit share post COVID-19 lockdowns 4 Return to pre-pandemic level of Travel insurance new business sales LO 5 One-off credit hire debt recovery in the prior year 9 Interim results for the six months ended 31 July 2022 SAGA

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