The Ardonagh Group publishes half year 2020 results


The Ardonagh Group has announced its results for the six months ended 30 June 2020.

David Ross, CEO, said: “Amidst a pandemic and the hardest months of lockdown, Ardonagh has delivered a strong set of results with EBITDA growing by over 30% to £81m and Adjusted EBITDA growing by 2% to £100m.

“These financial results illustrate a very limited profit impact from Covid-19; a testament to our business resilience, diversification, scale and the highly successful investment in infrastructure over the last three years.

“Furthermore, trading in July and August 2020 is materially ahead of prior year.

“Nothing about this period was business as usual, and yet 90% of our people were able to way to work from home within three weeks from beginning of lockdown in March and we carried on dependably delivering for our customers.

“I’d like to take this moment to recognize the ingenuity and dedication shown by the 7,000 people throughout the business; from the managers personally delivering laptops to get contact centre teams set up at home, to our Advisory brokers guiding clients through their risks and insurance requirements as the world around them changed.

“With new ways of working bedded in and growth already evident in the second half of the year we look forward with confidence in the proven resilience of the Group.”