iSelect says its life and general insurance arm is showing “strength” as it works to turn around the overall business, which suffered a loss last financial year.

Customer leads and sales from the insurance unit are up 14% and 47% respectively, Chairman Chris Knoblanche told the annual general meeting last week.

The life and general business, which the comparator groups as a single operation, recorded a 10% drop in revenue to $29.3 million last financial year, while earnings before interest, tax, depreciation and amortisation fell 31% to $6.9 million.

iSelect made an overall loss of $13.3 million as revenue dipped 2% to $181.4 million.

Mr Knoblanche says the start to this year means various unsolicited non-binding proposals from potential investors “do not reflect an acceptable value” of the comparator.

“With a relentless focus on getting the basics right and focusing on what makes iSelect the easy choice for our customers, we have started [the year] on a strong footing and look forward to a promising [year] that will see the company return to a growth trajectory.”