Broker/Company results
‘Remarkable Towergate is still standing' says CEO Ross
Towergate CEO David Ross is amazed the business is still operating after the "extraordinary amount of trauma" it experienced in the past 18 months.
Towergate Q3 income drops 10% as infrastructure challenges continue
Towergate has reported a 10.3% decline in income to £87m in the third quarter of 2015 compared to £97m in the same period of 2014.
A-Plan targets acquisitions on back of previous year's growth
High street broker A-Plan has delivered a 9% increase in earnings before interest, taxes, depreciation and amortisation to £24.7m for the year ending 28 February 2015 (FY 2013: £22.7m).
JLT ‘in line with expectations' despite challenging market conditions
JLT has "continued to trade in line with expectations" for the period from the beginning of July to 2 November 2015, according to an interim management statement issued today (3 November).
Aon Risk Solutions sees 8% fall in Q3 revenue
Aon's broking arm, Aon Risk Solutions, has reported an 8% fall in revenue for the third quarter of 2015.
Steadfast sees flattening premiums in Australia
Steadfast managing director and CEO Robert Kelly said market rates are flattening after a year of declining premiums and profitability at Australian insurers.
Willis GB reports 16% income drop in nine months
Willis GB has reported a year-to-date operating income of $84m (£54.9m), down from $100m in the first nine months of 2014.
BP Marsh doubles profit
Venture capital firm BP Marsh & Partners has doubled its profit before tax for the six months to 31 July 2015 to £3.4m.
Profits increase 31% at Besso
Lloyd's broker Besso has posted an increase in both profit and turnover for the year ending 31 December 2014.
Autonet increases profit by 13.1% in 2014
Autonet has reported operating profit of £9.5m for the year ending 31 December 2014, up from £8.4m over the course of 2013.
Brightside sees £43.7m loss for 2014
Broker Brightside Group has posted a £43.7m loss for the year ended 31 December 2014 compared to a profit of £7.7m in 2013, documents filed at Companies House have revealed.
Simply Business boosts pre-tax profits for 2014
Xbridge, the online insurance broker for small businesses operating under the Simply Business name, has reported an 8% increase in pre-tax profits for 2014, according to documents filed at Companies House.
Cost savings behind 5% reduction in 2014 Swinton operating profit
High-street broker Swinton has attributed “significant cost savings” within the group to a 5.1% reduction in its operating profit to £24.2m last year (FY 2013: £35.5m).
Turnover and profits increase in 2014 at Higos
Higos Holdings, the owner of broker Higos Insurance Services, has posted an increase in UK turnover and operating profits for 2014, according to documents filed at Companies House.
Lloyd to lead AA’s insurance services following management restructure
The AA has reshuffled its management team as part of its transformation programme in a bid to increase focus on the customer and simplify management structures.
Bluefin delivers £23m statutory loss in 2014 as Ebitda margin narrows
Bluefin Insurance Group’s statutory results for last year, including gross revenue and a goodwill amortisation charge of £16m, show a reported loss of £23m.
Bollington back in the black in 2014 with £1.1m profit
Bollington Insurance Brokers has bounced back from a loss of £586,471 in 2013 to record an after tax profit of £1.1m for the year ended 31 December 2014.
Towergate reports £58m first half loss
Towergate's operating earnings decreased by 40% to £39m (H1 2014: £65m) for the six months ended 30 June 2015 alongside a 10% drop in revenues to £184m for the period.
Steadfast's full year profits climb 68%
Australian broking group and underwriting agency Steadfast posted an after tax profit of A$42.1m (£19m) for the most recent financial year, up 68% over last year's results.
ERS delivers £2.8m loss as transformation project takes its toll
Broker-only motor insurer ERS has attributed costs associated with its ongoing transformation project and reduced investment income as drivers behind it delivering a £2.8m loss in the first half of 2015.
Results round-up: H1 2015
Its results season again, and here at Post we have put together a single source of information to make finding the results from this half of 2015 a little easier.
Tysers reaps benefits of broker restructure with uplift in profits
Tysers has seen the benefits of restructuring its broker divisions with a strong round of results, which included a 21.6% hike in pre-tax profits.
Aon broking arms sees profits crash by a third to £178m in Q2 2015
Aon Risk Solutions has seen its profits drop by a third in the second quarter of 2015 to $279m (£178m)(Q2 2014: $417m) according to its latest results published today.
Gallagher's broking unit posts 16% increase in pre-tax profits for first half
Arthur J Gallagher’s brokerage unit posted pre-tax profits of $217.6m (£139.2m) in the first six months of 2015, up 16% on the $186.5m posted in the same period in 2014.