Income up in acquisitive Q1 for Ardonagh
Group income has increased to £199.7m as the consolidator flags a mix of acquisitions and organic growth.
Ardonagh Group has posted an increase in Ebitda and income for the first quarter of 2021.
A statement highlighted that group income increased by 24.8% to £199.7m while Ebitda also went up to £66.3m (Q1 2020: £43.6m).
Its Advisory segment contributed £77.4m (Q1 2020: £59.2m), while its retail division reported a slightly decreased income of £57.5m (Q1 2020: £58.7m) for the quarter.
Specialty added £50.2m (Q1 2020: £41.1m) to income levels, while the new international division added £14.7m.
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