Insurance intermediary PIB Group reported revenue of £345m for the year ended 31 December 2022, up 49% on the £231m reported the previous year. It said its adjusted EBITDA rose by 36% to reach £91m. In 2022, it acquired 23 businesses across six countries, adding £77m in revenue.

David Winkett, chief financial officer at PIB Group, said: “PIB has evolved to become a burgeoning pan-European insurance player with clients benefitting from expert support across multiple markets.

“The unwavering focus on acquiring specialist businesses with expert teams has further strengthened our position, with each new business offering something unique and valuable to the Group as a whole.”

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