Ardonagh adjusted Ebitda grows to £186m in H1 2022
Ardonagh has announced that its income rose by 37% to £595m ($791m) and adjusted Ebitda by 21% to £186m ($247 million).
In a statement the business outlines that group organic growth was 7% for the last six months, with Specialty recording organic growth of 12% and Ardonagh International exceeding 10%.
Operating costs increased to £409.5m from £279.9 in the same period last year.
Ardonagh Specialty grew by 102% following the acquisition of Besso Insurance, Ed Broking and Piiq Risk Partners and ongoing producer hires, while Ardonagh International grew by 69% fuelled by expansion in Australia, Ireland, Germany
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