Company results
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.
Schemes and HNW help drive Q1 premium growth at Hiscox
Hiscox has hailed “very strong” schemes growth and double-digit expansion in art and private client business as the UK retail arm posted a 4.4% premium rise in the first quarter of 2025.
Axa swings back to UK underwriting profits in 2024
Axa Insurance UK returned to underwriting profit in 2024 with a £45m result, reversing a £103m deficit in 2023.
A-Plan details £3.6m rebrand spend as turnover ticks up but profits dip in 2024
A-Plan, now rebranded as Howden, grew turnover by 2.1% to £167.3m in the year ended 30 September 2024 as investments in staff, rebrand costs and IT spend hit the bottom line.
New owners reveal Academy and Premierline deal costs
Academy Insurance Services’ previous owner Vmans cost £7.87m while the bill for Premierline came in at £4.12m, filings at Companies House have revealed.
Ceta posts turnover and profit growth in run-up to sale
Digital niche personal lines and SME broker Ceta Insurance grew turnover by 23% in the year parent Atec Group was bought by European private equity investor Perwyn.
Covea returns to profit as GWP drops
Covea Insurance has reported profit after tax of £32.9m, swinging out of the red, for the year ended 31 December 2024.
Saga unveils broking and underwriting results ahead of Ageas deal completion
Saga’s insurance broking arm reported a total earned underlying profit before tax of £14.4m in 2024 (2023: £39.8m) in its final full year results before it completes a new distribution partnership with Ageas.
Acorn boosts GWP by over 40% in 2024
Merseyside-based Acorn Group has reported gross written premiums soared 41% to record £742m in the financial year ending 31 December 2024.
Top 100 UK Broker Bartlett posts growth in 2024
Leeds-headquartered Bartlett Group grew turnover by 7.8% in the year ending 30 September 2024, building on expansion the year before.
Deal-linked Esure swings back to profit
Motor and home insurer Esure, previously touted as takeover target for Ageas, Allianz and Aviva, moved back into the black in 2024 with a £57.7m post tax profit reversing a loss of £60.1m the year before.
Lloyd’s bound Convex releases 2024 results
Convex Group grew gross written premiums by 22% last year to $5.17bn (£4bn) as its combined operating ratio improved to 87.6% from 89.6% in 2023.
Iprism grows again with a 21% boost in 2024
Managing general agent Iprism Underwriting Agency grew 21% in the year to 30 June 2024, building on the 16% achieved the year before, and is eyeing up further expansion in 2025.