The Automobile Association is best known for rescuing drivers in distress from the side of the road. And you may have learnt to drive with an instructor affiliated with its driving school. But it also has a large banking division, offering savings accounts, credit cards and other financial products.
The AA became a public company in 2014 when it was floated on the stock market. It is part of the FTSE 250.
Its credit card, savings and personal loan products are supplied by the Bank of Ireland, which also runs the Post Office’s financial services business. The AA’s insurance business is run separately to this.
For insurance products, the AA operates as a broker. It passes car insurance customers on to a number of different insurance underwriters.
In life insurance, the AA only partners with Legal & General as its underwriter. And its travel insurance is underwritten by Cigna Europe Insurance Company.