Profits fall 46% for JLT
However revenue grows to £619.4m and profit drop is blamed on investment and exceptional costs.
JLT Group has reported increased revenue of £619.4m, a 5% uptick, for the first six months of 2016 according to its interim statement.
However profit before tax fell 46% to £55.2m which the broker said reflected US investment and exceptional costs. In April it predicted a £34m hit as a result of its £22m settlement with Willis following a court case over staff poaching.
Despite this the Group said it achieved organic growth of 1%, or 4% if its UK Employee Benefits business is excluded.
The
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Broker
Clear adds to portfolio in Scotland with Spence Insurance
Clear Group has added Spence Insurance, based in Scotland’s Central Belt, to its roster after moving into the country last December.
Jensten restructures with CEOs of broking and product & distribution
Jensten Group has added ex-Gallagher leader Gareth Birch as CEO of broking as it restructures into two trading divisions.
TBIG confirms its largest ever buy with £38m GWP broker
The Broker Investment Group has bought a 75% stake in £38m gross written premium personal lines specialist U Drive in its biggest ever deal.
Biba 2026 Countdown: Premium Credit’s Jon Howells
Jon Howells, chief commercial officer for insurance premium finance at Premium Credit, compares the Tuesday evening before conference starts as arriving back at school for a new term and won’t reveal his favourite Biba haunt for fear of more lanyards turning up.
Regional Review: Channel Islands – small but strong
For a small jurisdiction, the Channel Islands have a strong broker market, according to regional experts, as large names have made acquisitions with capacity, appetite and recruitment key issues.
BDH owner reveals growing losses and turnover in 2025
Salinas Topco, the holding company for Top 100 UK broker BDH, has posted rising turnover in the last financial year and losses reaching £11m.
Coversure expands with faith-based insurance brand Dharam Rakshak
Jensten-owned Coversure has opened its first new office this financial year, with an existing member launching a standalone faith-based brand.
Partners& purchases Newcastle-under-Lyme broker
Partners& has bought Staffordshire-based Amica Insurance Brokers in its third deal of 2026.