The Ardonagh Group has announced its results for the nine months ended 30 September 2022.
Income rose by 34% to £905 million ($1.2 billion) and Adjusted EBITDA by 20% to £286 million ($366 million).
Group organic growth was 6%, driven by Specialty, International and Advisory Platforms as new producer hires reached maturity and growth initiatives were developed and deployed.
Unlevered free cash flow was £246 million ($316 million) for the 12 months to 30 September 2022. The Group had £795 million ($1 billion) available liquidity as of 30 September 2022.
Group CEO David Ross commented:
“Ardonagh’s strong performance continued into the third quarter, with the diversity of our Platforms providing a great hedge against volatility in any single geography or product.”
“We will continue to build our global momentum with a clear and disciplined approach to acquisitions, executing on organic and operational excellence initiatives, and continuing to foster a high-performance client-centric environment for our 9,000 people.”
