A Merseyside-based insurance provider has reported soaring sales during the first six months of the year.
Paymentshield said year-on-year growth is set to be 38% for the first half of 2021 - having reported "a number" of record-breaking sales months.
The firm, which employs hundreds of people from its Southport HQ, said the "particularly outstanding" Q2 saw home insurance new business sales reach the highest-ever recorded level by the company growing by 68%, with sales of all products increasing by 31% year-on-year.
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The results come in the slipstream of a series of awards for Paymentshield in July 2021, including Specialist Coverage of the Year at the National Insurance Awards and GI Provider of the Year at the Financial Reporter Awards.
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The business, one of Southport's biggest employers, said it finished the half 99% on course for its original plan irrespective of Covid-19.
In the year ending December 31, 2020, the firm turned over £76m recording a net profit of £29.2m.
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Rob Evans, CEO, said: “After months of business disruption and financial instability for many customers, this year we’ve really devoted ourselves to empowering advisers to better support their customers – from investing in adaptable technology to delivering virtual events and supporting industry-wide knowledge-sharing.
“This has not only meant that we were able to finish 99% on course for our original 2020 plan irrespective of Covid-19, but we’ve also carried this momentum into 2021.
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"This is abundantly clear from numerous record-breaking sales months and our growth in new business which has seen a 22.5% increase in the number of mortgage firms submitting policies."
Paymentshield said it put its strong financial performance down to the "breadth and depth of support it offers advisers", which this year has ranged from accelerating technology investments such as an online chatbot service to "extensive" educational resources and sharing best practice at its bi-annual virtual conference.
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Mr Evans added: “Each month from Q3 2020, shortly after the country plunged into lockdown and new business effectively stagnated, we’ve repeatedly hit and exceeded our sales targets, growing each quarter along the way.
“I’m so proud of the whole team, whose commitment and expertise have made it possible this year for us to help even more advisers to supercharge their business and deliver a holistic service that truly meets their customers’ needs.”