Company results
Somerset Bridge pivots to MGA-only model after reaching profit in 2024
Somerset Bridge Group swung to £14.4m post-tax profit in 2024 following years of losses after being bought by Arch Reinsurance in 2021.
Allianz UK boosts operating profit as business volume slips in half-year
Allianz UK grew operating profit by 28.4% in the first half of the year to £224.3m from £174.7m in the same period of 2024.
Doubling down on sector strategy is maintaining momentum with brokers, says Hiscox’s Musselle
Working with brokers, digital initiatives, product refreshes and brand strength helped Hiscox accelerate UK growth in the first half of the year, according to chief underwriting officer Joanne Musselle.
Hiscox maintains UK growth momentum at half year
Hiscox achieved 6% growth in UK written premiums in the first half of 2025 with rising policy numbers in commercial and in art and private client business taking the total to $463.4m (£348.6m).
Sabre reports 26.2% profit growth as GWP dips
Sabre Insurance Group reported a 26.2% increase in profit before tax to £25.5m, despite a decline in gross written premiums, according to its 2025 half-year report.
PIB tops £500m revenue as losses trimmed in run-up to ending sale talks
PIB Group has posted £514.7m of pro forma group net revenue for 2024, a year it expanded into two countries and made 25 acquisitions before walking away from sales talks in 2025.
Bullish Warburton on Konsileo moving ‘forward on all fronts’
Konsileo is “cautiously optimistic” about hiring another 50 brokers this year, building on its progress in 2024, CEO John Warburton told Insurance Age.
Konsileo grows revenue and trims losses in 2024
Konsileo’s parent company delivered a 54% increase in revenue to £10.84m as the expansive Top 100 Broker bolstered headcount, hiring 23 brokers across three cohorts in 2024.
TH March grew profits and turnover in run-up to EOT
Specialist jewellery and allied trades broker TH March boosted annual profit-after tax by 63.7% to £781,000 in the run-up to switching to an employee ownership trust.
Flood Re posts 20% policy growth to new record but profits down
Flood Re has posted a 43% fall in pre-tax profit to £13.5m as rising reinsurance costs more than outweighed lower claims costs in the year ended 31 March 2025.
Insurance revenue at Moneysupermarket slips 2% at half-year
Moneysupermarket’s insurance revenue dropped 2% to £117.7m in the first six-months of 2025 compared to the same period last year.
Clear boosts revenue by nearly one-quarter in 2024
Clear Group grew revenue by 24.5% to £93m in the year ended 31 October 2024, Insurance Age can reveal.
Further rise in member funds at Biba
The British Insurance Brokers’ Association grew member funds to £6.57m at the end of 2024, a 14% rise that built on increases of 13% and 21% in the previous two years.
Simply Business operating profit soars almost 90% in 2024
Xbridge, which trades as Simply Business, increased operating profit to £45.91m for the year ended 31 December 2024, up almost 90% from the previous year.
Thomas Carroll grows turnover and profit in inaugural EOT year
Thomas Carroll Group boosted turnover by 7.1% to £15.61m in 2024, with profits also rising in its full first year as an employee ownership trust.
Ripe tops £20m turnover in 2024
Manchester-based digital managing general agent Ripe grew turnover by 15.7% in 2024 to £20.6m.
Profits, revenue and R&D spend all up at Acturis in 2024
Acturis grew revenue by 14.9% to a record £165.49m in 2024 as profits went up and research and development spend also rose in a year that private equity firm Astorg boosted its investment in the software house.
CDL grows revenue but profits slip below £10m in 2024
CDL has posted a third consecutive year of falling profits after tax, with the figure standing at £9.36m in 2024.
Policy Expert grows pre-tax profit by more than £25m as motor moves into black for first time
Policy Expert increased its profits before tax to £30.1m in the last financial year, up significantly from £4.9m, as underlying Ebitda more than doubled to £55.3m.
GWP and profit up at Arag ahead of full Das integration
Arag plc has posted a 17.7% increase in gross written premium under management in 2024, driven by its commercial, family, assistance and ATE business, the legal expenses insurer has reported.
Patons hones in on £35m target as it grows by 16.6%
Patons Insurance reached £31.5m of gross written premiums in the 2024/25 financial year, growing by 16.6% compared to the year before.
Peach grows in 2024 as NPAI moves back into profit
Peach, a trading style of NPA Insurance, grew net premiums by 70% in 2024 as it ceded less business to reinsurance.
Verlingue boosts profits and turnover in 2024
Verlingue Holdings grew turnover by 13.7% to £23.96m in 2024 as profits at the broker surged ahead even more.
Aviva grows UK GWP 11% and trims COR in Q1
Aviva grew UK gross written premiums by 11% in the first quarter of 2025 compared with the same period of last year reaching £1.85bn.