Financials

In February 2025 we published our financial results for the year ended 30 September 2024.

We've had our fourth consecutive year of double-digit organic growth with revenue breaking through £3bn p.a. mark as we continue to deliver strong financial performance, strategic acquisitions and attract new talent.

Read our highlights below, and go to the full results page for more information.

• Strong financial performance: Adjusted Revenue grew by 23% to £3,010m (FY23: £2,442m) with organic revenue growth of 15% (FY23: 13%). Adjusted Consolidated EBITDA grew to £922.2m (FY23: £780m) with Adjusted Consolidated EBITDA Margin remaining broadly steady at 31% (FY23: 32%).  
• Growth across our divisions:  Insurance broking organic revenue grew 14%. Reinsurance organic revenue grew 30%. In our Managing General Agent (DUAL), organic growth was 6%.
• New talent contributed 30% of the organic revenue growth: with new teams driving growth across product lines, including Treaty Reinsurance, Howden Re Programs, Sport & Entertainment, Aviation, Restructuring and Resolution and Construction. We welcomed new talent in Australia, Greece, the Middle East, Singapore and Japan.
• 65 strategic acquisitions including asset deals. We continued to build leading position in key markets, especially in Europe where we completed 28 deals. Highlights included the acquisition of VLC, a large broker in the Netherlands, North Risk in Denmark, marking our entry to that country, and AGEO in France. Our global footprint grew to 55 countries. 
• Continuing support from our investors and the debt capital markets: during 2024, we undertook a number of financings including: a full refinancing and maturity extension in February; a debut High Yield Bond; two Revolving Credit Facility capacity increases; a new Delayed Draw Term Loan facility to fund investment activity and multiple downward repricings.
• We welcomed 650 new employee shareholders in 2024, taking the total number to 5,300.