LifeSearch has reported a pre-tax profit of £752,124 for the 12 months to 31 August 2013, following a loss of £296,000 in the previous year.
Turnover increased 13 per cent to £18.1m during the period, from £16m in 2012.
LifeSearch chief executive Tom Baigrie says: “The company has enjoyed a strong year, advising on and arranging over £4.8bn of financial protection for our partners and customers.
“We invested in improving our advice auditing and customer servicing processes as well as achieving a significant reduction in our policy lapse rates. When added to growth in the quantity and quality of our sales, the overall effect has been to improve our core profitability and establish a strong base for our ambitious growth plans.”