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Follow on Google News | With 36% growth, APRIL reaffirms its ambition to become Europe's leading insurance brokerBy: www.april.com
The group's four market segments – personal insurance, property and casualty insurance, international health insurance, and asset management – are growing. Personal insurance activities – health and protection of consumers, professionals and businesses, and creditor insurance – grew by 2% to €358 million, affected by the property-market slowdown which hit La Centrale de Financement's creditor-insurance and mortgage business. The consumer healthcare market recovered in the final quarter, and should sustain the high performance of the group's business healthcare activities. Property and casualty insurance – two-wheel vehicles, construction, cars, leisure, property. Turnover grew by 24% to €230 million, thanks to strong organic growth and the acquisition of UK insurer Lexham. Savings and asset management is establishing itself as the group's third pillar, following the purchase of DLPK, with turnover of €182 million. International healthcare grew by 7% to €90 million in turnover. APRIL International's ambition of having a single global information system will become a reality in 2025, delivering a major competitive advantage amid a phase of consolidation in the international- After the successful integrations of DLPK, the French leader in savings and asset management, and Lexham Insurance, a leading player in two-wheeler insurance in the UK, which made a significant contribution to the company's trading performance starting in 2024, APRIL is exploring various external-growth opportunities and greenfield investments in 10 further countries including Egypt, Abu Dhabi and Mexico, beginning in 2025. Some 400 employees will be hired in 2025, with the focus being customer-relationship, digital and IT roles. Lastly, APRIL is continuing to open up its share capital to its employees. Worldwide, more than 50% of them became shareholders in 2024. Sharing value with its 3,000 employees is one of the group's key goals. "APRIL's solid results reflect our partners' and customers' trust as well as our teams' commitment. The first two years of our strategic partnership with KKR have proved a success that is consolidating our joint ambition of making APRIL a world-class European player. Our stable, long-term shareholder base gives us the latitude and resources to continue and accelerate the transformation and expansion that we've embarked on, and we fully intend to do this..." – Eric Maumy, CEO of the APRIL Group. End
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