For the year ending 30 June 2023, Abta made a £2 million profit after tax, compared with £296,000 in 2021/22 during the pandemic.
During the latest financial year, Abta lost £228,000 on its trade association activities but made £2.3 million on its insurance activities.
Some 57 members quit Abta during the reporting period with 22 joining, leaving 831 compared with 866 in 2022.
Abta said the reduction “reflects the ongoing impact of post-pandemic recovery”. Agency branch members totalled 416, a sharp fall from the previous 450.
In the 2022/23 year, there were only two failures of Abta members and no calls on short-fall insurance.
