Acorn Group has reported gross written premium of £742m for the year ended 31st December 2024, which is a jump of 41% on the previous year. The firm specialises in providing non-standard car, van, taxi and household insurance to retail customers. It said gross vehicle years were 607,000, up 30% on 2023 and its combined operating ratio remained below 90%.

Mike Lloyd, CEO of Acorn Group, said: “The investments we’ve made in technology, data science, and automation are already making a difference – streamlining operations, improving risk selection, and creating a smoother experience for our customers.

“With a solid capital position, a suite of innovative solutions for the non-standard insurance market, and a loyal customer base, we’re in a great position to seize new opportunities and continue to drive profitable growth.”