IRESS' revenue up while profits fall

clock •

IRESS has seen it operating revenue in the UK increase by 4.1%, to £28.9m, while profits excluding Enterprise Lending were down 1.7% to £6.5m.

IRESS' total group revenue was £86.6m, and profits excluding Enterprise Lending stood at £29.4m.

In July 2015 IRESS launched XPLAN Mortgage, with further components to follow, including for protection.

Andrew Walsh, chief executive officer of IRESS, said: "The UK is an important strategic market for IRESS and we are making pleasing progress.

"We are investing heavily in our UK business for our clients, both in terms of people and solutions, and we expect to continue to see the benefit from this, particularly over the medium and long term."

He added: "We have a strong pipeline, and expect this trend to continue for the foreseeable future.

"Increased regulation and the need for scale has increased consolidation of advice firms and technology is increasingly at the centre of advisory businesses.

"We have continued to invest in growing our capacity in wealth management as a result.

"We have continued to observe and respond to increased demand from integrated wealth management firms where requirements spanning the entire IRESS product suite bring together capability from financial markets and wealth management."

Further reading:

Royal London protection business up 43%

TMA hosts DA conference with protection sessions

Analysis: Navigating the big four quote portals

 

More on Technology

Analytics key to changing health insurance

Analytics key to changing health insurance

How should the industry adapt?

Jessica Plewes and Lisa Balboa
clock 12 October 2026 • 4 min read
Partner Insight: Autonomous agentic AI - Are Insurers Ready for the Next 30 Years?

Partner Insight: Autonomous agentic AI - Are Insurers Ready for the Next 30 Years?

A practical look at how insurers move from AI as decision support to AI that autonomously executes outcomes across underwriting, claims, and customer engagement.

Sapiens
clock 29 September 2026 • 2 min read
Subcontext adds ChatGPT capability for protection

Subcontext adds ChatGPT capability for protection

Selling directly to potential customers

Jaskeet Briah
clock 23 September 2026 • 2 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read