Ardonagh publishes Q1 figures

The Ardonagh Group has announced total group income of £288m for Q1 2022, an increase of 44% on the same period last year. It said adjusted EBITDA was up 29% to £86m for the quarter. It invested £15m during Q1 in additional growth drivers such as new hires, IT system improvements, new business campaigns and long-term savings and synergy projects.

David Ross (pictured), CEO of Ardonagh Group, said: “The momentum behind the group continued in the first three months of the year with strong execution on organic growth, operational efficiency and group-wide opportunities together with fast growth in Specialty and International.

“Our pipeline of potential acquisitions and producer hires is robust as businesses and people seek environments where entrepreneurialism and a client-focused culture meet scale.”

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