Hyperion's revenue increases 45% to £434m in 2016

profit

But the group of Howden, RK Harrison and Dual made a loss of £38m as a result of acquisition costs.

Hyperion has reported a 45% increase in revenue for the financial year ended 30 September 2016 to £434m (2015: £299m).

The company noted that the results reflected "continued momentum", despite challenging market conditions, as well as its ongoing investment in people, operations and technology.

Hyperion detailed that Ebita for the group rose by 82% to £103m in 2016, compared to the £57m it recorded in the previous year.

Acquisition
However, it made an accounting loss of £38m after factoring in

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.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Review of the Year 2024: Markerstudy’s Gary Humphreys

Gary Humphreys, group chief underwriting officer at Markerstudy, hails the completion of the Atlanta deal, dreams of having the MGA’s brand adorn the Tottenham Hotspur Stadium and mulls sitting on the sofa and doing Channel 4’s Gogglebox.

Lycetts buys broker Cheviot

Lycetts has strengthened its presence in the North East, purchasing fellow Newcastle-based broker Cheviot Insurance Services.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: