The Clear Group, which manages more than £330 million of gross written premium, has released its annual results for the year ended October 31, 2021.
According to the parent firm of Clear Insurance Management Ltd, the group saw an increase both in revenue and earnings before interest, taxes, depreciation, and amortisation. EBITDA rose 76% to £10.4 million from 2020, while the broker’s revenue jumped 60.7% to £45 million.
“2021 was another year of strong growth for the group despite the ongoing impact felt across the wider economy caused by COVID,” said group chief executive Mike Edgeley (pictured), whose camp will be supported by Goldman Sachs Asset Management following four years of backing from ECI Partners.
“These results are an excellent base from which we can continue to deliver on our growth strategy in partnership with Goldman Sachs. We are already well ahead of budget in our current financial year, which is testament to the hard work and dedication of the special team we have at Clear.”
In the year to October 31, 2021, Clear completed its swoop for HIA International, Luker Rowe, Anderson White Insurance Brokers, and HR Jennings. Meanwhile the business will continue expanding into new specialist areas while further developing its core insurance verticals spanning property, professional lines, mid-corporate, and construction.
