Business

Aston Lark revenues rise 28% in FY20

The insurance brokerage also saw adjusted underlying EBITDA jump 22% when compared to the full year ended 31 December 2019

Aston Lark has announced that its group revenues increased 28% year-on-year to £91.7m during FY20.

The insurance brokerage also saw adjusted underlying EBITDA jump 22% when compared to the full year ended 31 December 2019.

Moreover, the group operated over a core organic commission and fee growth of 4.4% year-on-year, despite the backdrop of the global pandemic and a “highly competitive market with hardening rates in certain sectors”.

FY20 saw Aston Lark complete eight acquisitions, with a further 17 takeovers occurring in 2021.

In turn, the group now operates with over 1,500 employees in 50 offices across the UK and Ireland, while placing approximately £900m GWP into the insurance market.

Peter Blanc, CEO at the company, said: “We are delighted with the progress we have made since having secured Aston Lark’s independence in September 2019.

“We have demonstrated strong resilience during the pandemic with our trading performance holding up extremely well whilst continuing to closely monitor our exposures to Covid-19.”

He added that the organisation’s goal is “to create the UK’s most trusted chartered insurance broker”.

Show More
Back to top button