MONY Group reported a 51% decline in net cash and a 7% drop in operating cashflow for the year ended December 31, 2025, even as it posted record revenue and adjusted earnings.
The holding company behind MoneySuperMarket flagged significant headwinds in its motor insurance comparison segment as a contributing factor, against a backdrop of sharply falling UK car premiums.
Net cash fell to £4.1 million from £8.4 million the prior year, while operating cashflow declined to £107.7 million from £115.6 million. Group revenue rose 2% to £446.3 million, with adjusted EBITDA up 2% to £145.1 million and an adjusted EBITDA margin of 33%. Profit after tax grew 1% to £80.7 million.
The motor insurance headwind reflects a wider UK market correction. Data from the Association of British Insurers (ABI) shows the average private motor premium stood at £559 in the fourth quarter of 2025 – down £63, or 10.2%, year-on-year.
That decline followed an extended run of premium increases driven by higher vehicle repair costs, theft rates, and replacement vehicle prices in prior years.
For comparison platforms such as MoneySuperMarket, which earn revenue per completed policy transaction, falling premium values directly compress per-transaction revenue – amplifying the market correction's impact on group financials.
Claims costs, meanwhile, remain elevated. The ABI reports that vehicle repairs totalled £7.5 billion in 2025, accounting for 63% of the £11.9 billion paid out by UK insurers for vehicle damage, as integrated sensors and cameras make modern vehicles increasingly costly to fix.
EY forecasts UK motor insurance premiums will rise 3% in 2026, citing persistent repair costs, advanced vehicle technology, and inflation — a potential tailwind for MONY Group's comparison revenue. The ABI has also noted that average motor premiums rose for the first time since the final quarter of 2024, suggesting the correction may be bottoming out.
Chief executive Peter Duffy (pictured above) said the group delivered record revenue and adjusted EBITDA, "demonstrating the resilience of our strategy." The group's SuperSaveClub subscription proposition surpassed 2.1 million members and now generates 16% of group revenue, with provider services revenue up 13%.
MONY Group estimated it helped households save £2.8 billion in 2025, contributing to a cumulative total of nearly £12 billion over five years.
The group signed an enterprise agreement with OpenAI in 2025 and launched the MoneySuperMarket ChatGPT app. Duffy said the group's data and technology platform has "positioned us exceptionally well to harness the opportunity of AI."
The board proposed a full-year dividend of 12.63p per share – up 1% – alongside a further £25 million share buyback, bringing total 2025 shareholder returns to £96 million.
For 2026, the board guided adjusted EBITDA in line with analyst consensus of £146 million, within a range of £142 million to £153 million.
