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Jardine Lloyd Thompson's turnover is 5.1% in 2018



British insurance and reinsurance brokers Jardine Lloyd Thompson Group PLC reported a sales increase of 5.1% on Tuesday to SEK 1.45 billion (1.96 billion) for 2018.

The company, which is transferred by Marsh & McLennan Cos . Inc. in a deal that is expected to complete in the spring of this year, said in a statement that it announced preliminary results for 2018 and update of key financial items.

The brokerage increased operating profit by 21% in 2018, reinforced by organic sales growth for all divisions, the company says in the statement.

JLT's organic sales growth was 5% for 2018, with 7% organic growth in global specialty and 7% in UK employee benefits, according to the statement.

Profit before tax amounted to $ 88.1

million in 2018, reflecting GBP 145.4 million of exceptional items including transaction-related expenses for Marsh & McLennan of GBP 77.2 million, regulatory expenses of GBP 38.4 million and restructuring ring costs. of £ 28.6 million from its global transformation program, the company said in the statement.

The company's restructuring provided £ 20.7 million at a cost of £ 28.6 million and is still on its way to providing additional benefits of £ 16.3 million in 2019, and full annual benefits of £ 40 million 2020. The company said.

Full-year operating profit in global specialty increased by 25% to £ 192.7 million, 10% in global reinsurance to £ 45.8 million and 8% in global employee benefits to £ 51.2 million, the statement said.

US Special Revenue increased $ 38.8 million to $ 134.4 million in 2018, while net investment declined to $ 9.9 million and business continues "on track to achieve profit in 2019," the company said.


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