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General insurance stars for iSelect

iSelect’s general and life insurance business achieved a 12% rise in operating revenue to $13.2 million in the December half.

The comparator benefitted from a 30% rise in revenue per sale lead from home and contents, pet and travel insurance.

Earnings before interest, depreciation, taxation and amortisation (EBIDTA) reached $3.2 million, up from $943,000 in the corresponding half of 2017.

“The significant year-on-year EBITDA improvement can be attributed to growth in the general insurance businesses, some of which launched throughout [2017/18],” the company says.

iSelect does not provide individual figures for its general and life insurance businesses, preferring to combine their results.

At the company level, operating revenue declined 8% to $74.3 million and the statutory net loss worsened to $6.9 million from $1.5 million.