PSC Insurance Group Reports Strong 2024 Full Year Results
Key points
- Underlying revenue up 16% to $343.6m
- Underlying EBITDA up 15% to $127.1m
- Underlying NPATA up 11% to $87.0m
- Scheme of Arrangement with The Ardonagh Group announced
Full summary
PSC Insurance Group reported a solid financial year in 2024, with underlying revenue increasing by 16% to $343.6m and underlying EBITDA growing by 15% to $127.1m. Underlying NPATA also rose by 11% to $87.0m. The company continued its acquisition strategy, completing 14 acquisitions and deploying $50m in capital commitments during the year. Organic growth was also strong at 8%, excluding the impact of start-up businesses. The group's diversified business model, with strong performance across its Distribution, Agency/Specialty, and UK segments, contributed to the positive results. PSC also announced a Scheme of Arrangement with The Ardonagh Group, which is expected to allow the company to continue its growth trajectory as part of a like-minded, global business.
Guidance
The company did not provide any high-importance, price-sensitive forward-looking financial metrics.
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