Online retailer Kogan.com has posted a near 56% rise in full-year net profit to $26.8 million, aided by a strong performance from its insurance unit.

The retailer provided no breakdown but says Kogan Insurance recorded a 36% increase in commission-based revenue to over $750,000 for the year to June 30. In the last financial year, the division made more than $500,000 in commission revenues. In the 2018 financial year it was about $250,000.

Kogan Insurance covers the full suite of products available on the retailer’s digital commerce platform, including for car, travel, pet and home. The other insurance offerings are life and health products.

The business added insurance to its range of financial services offerings in 2017, selling home and other personal lines products underwritten by Hollard. For every Kogan Insurance-branded policy sold, the business earns a commission.