Company results
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.
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.
Ardonagh posts 8% organic growth for 2024
The Ardonagh Group has declared a 24% rise in reported income to $1.98bn (£1.53bn) in 2024, a year it completed 68 acquisitions around the world.
Momentum increases revenue 21% in 2024 as it grows financial support for members
Appointed representative network Momentum hit £97m gross written premiums last year growing 21%, as founder and managing director Howard Pepper looks to continue financial support for its ARs following AUB investment.
Ecclesiastical delivers major COR improvement with sub 80% in UK and Ireland
Ecclesiastical Insurance improved its combined operating significantly in the UK and Ireland last year as underwriting profits more than doubled.
Lloyd’s CEO hails “outstanding financial performance” in 2024
Lloyd’s has confirmed gross written premium of £55.5bn in its 2024 results, up 6.5% from the year before.
Sabre CEO Carter on growing profitably with brokers
With over 70% of Sabre’s business going through brokers, CEO Geoff Carter has hailed the insurer’s performance and promised there is more to come.
Sabre in first share buy-back as profits soar in 24
Sabre has posted a 5% rise in gross written premiums as profit after tax nearly doubled in 2024.
Lloyd’s sets scene for full-year results as COR ticks up to 86.9%
Lloyd’s has unveiled a combined operating ratio of 86.9% for 2024, with gross written premium rising to £55.5bn, in a trading update ahead of its full results later this month.
Admiral CEO warns of ‘uncertain’ 2025 after Ogden boosted UK profit
Admiral saw its UK profit rise by 64% to £977m in its 2024 results, with the insurance group attributing 17% to the change in the Ogden personal injury discount which improved to 0.5% last year.
Open GI parent reports loss in run-up to Ares investment
OM Bidco, Open GI’s parent company, has reported a loss after tax of £30.13m for the year to 31 May 2024, the final full financial year before Ares Management’s takeover and an improvement on a loss of £38.48m in 2023.
Beazley posts record profit as premium tops $6bn
Beazley has reported insurance written premiums jumped 10% to $6.16bn (£4.84bn) for the year ended 31 December 2024.
Aviva-bound DLG swings back to operating profit but customer count falls
Direct Line Group has reported an operating profit of £205m for 2024, more than reversing a £189.9m loss the year before.
Open GI grows sales to over £60m as investment in digital also rises
Open GI increased revenue by 5.1% to £61.7m in the year to 31 May 2024, as it invested a total of £9.1m in developing its digital offerings.