JLT enjoys 20% profit growth

Dominic Burke JLT

Post-tax profits surged to £106.4m for 2012 (2011: £88.7m) and total revenue was also up to £880.1m from the £818.8m reported for the year before. 

The broker's results were slightly tempered by the decreased growth of its UK managing general agent Thistle UK.

Thistle's total revenue for the year was 4% lower than 2011, while trading profit came in at £4m (2011: £5m).

JLT said this reflected "continued weak UK consumer and business confidence", claims inflation and "aggressive competition".

Howe

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