PIB's 2020 deal spend revealed
The consolidator's accounts show it spent a total of £92.8m on deals during the year, as it also reports increases in turnover and Ebitda.
PIB Group has reported a 23% increase in revenue to £151.5m for the year ended 31 December 2020, up from £123.3m in 2019.
The consolidator said in a statement that its adjusted Ebitda had also increased by 41% to £37.7m (2019: £26.7m), while its gross written premium hit £1.52bn, up from £986m at the end of 2019.
In addition, the consolidator’s loss before tax grew to £24.7m in 2020, compared to a loss of £14.2m in the preceding year, according to a filing on Companies House.
PIB detailed
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