Adelaïde Group's Ambitions for 2028: Growth and Success
Adelaïde Group's Growth Momentum in the European Market
Recently, the Adelaïde Group has reported impressive growth, reaching a turnover of €450 million. This 12.5% increase is a significant achievement as the company continues to implement its Better Future 28 strategic plan. The goal of this initiative is to establish itself as Europe’s leading independent family insurance broker, with ambitions to achieve a turnover of €800 million by 2028.
Solid Results Reflect Sustainable Growth Strategies
During the announcement of annual results, Benjamin Verlingue, the Chairman and CEO of the Adelaïde Group, along with key executives, highlighted the effectiveness of the Group's business model. The Company is experiencing robust organic growth, reported at 10%, alongside a focused acquisition strategy that enhances its market presence.
In Verlingue's words, "Our performance is a testament to our strategic direction and the strength inherent in our family-run model. The Better Future 28 vision, introduced merely nine months ago, captures our commitment to becoming Europe’s foremost independent family brokerage firm, while staying loyal to our core values."
Strategic Acquisitions Propel Market Presence
In pursuit of growth, the Adelaïde Group has made four notable acquisitions in the European brokerage scene, enhancing its service offerings and expanding its geographical footprint.
DUNE: Specializing in Construction Insurance
The acquisition of DUNE, which specializes in construction insurance, allows the Adelaïde Group to diversify and strengthen its insurance distribution capabilities.
ProConseils Solutions: A Strategic Move in Switzerland
ProConseils Solutions marks a significant milestone for Verlingue as it opens the first location in French-speaking Switzerland, reinforcing its market presence in a vital region.
MBB and Brixia Broker in Italy
Furthermore, the acquisitions of MBB and Brixia Broker in Italy enhance Inser, Verlingue’s subsidiary, and its coverage in the insurance market.
Highlights from 2024: Strengthening Business Foundations
The year 2024 has been characterized by strong performances and critical investments across various segments of the Adelaïde Group.
Verlingue's Turnover Growth
Verlingue reported impressive turnover figures of €314 million, representing a 10% rise. This growth is attributed to ongoing expansion efforts in France and Europe, particularly through strategic acquisitions in Italy and Switzerland, with international business now making up 37% of Verlingue's turnover. Vincent Harel has been appointed as the new CEO, set to begin his role shortly.
Génération's Staggering Growth
The Third-Party Administrator, Génération, also achieved exceptional results, growing by 18% with a turnover of €121 million. Its clientele has expanded to 2.6 million health policyholders alongside 1.2 million life insurance policyholders.
Cocoon's Strategic Restructuring
The subsidiary Cocoon, which focuses on individual health insurance, optimized its offerings and digital approaches, resulting in significant growth, achieving a turnover of €13 million by attracting a plethora of new contracts, particularly from individuals moving away from group schemes.
DUNE's Strategic Potential
DUNE, which became part of the Group in 2024, aims to secure a prominent role in the underwriting market, particularly in construction insurance. Already, the entity has successfully underwritten €10 million in premiums through an extensive broker network.
About the Adelaïde Group
The Adelaïde Group is recognized for its expertise in insurance consulting, brokerage, and management. It stands out as one of France’s key insurance brokers. The Group focuses on organic growth, strategic acquisitions, international expansion, and digital transformation to achieve its aspiration of becoming a leading family-owned insurance brokerage entity across Europe.
With a dedicated workforce of 2,900 employees, the Group serves approximately 2.6 million policyholders with health coverage and 1.2 million with life insurance. It manages about 4.5 billion in premiums and operates in five countries, including France, Great Britain, Switzerland, Portugal, and Italy.
Frequently Asked Questions
What are the Adelaïde Group's key strategic goals?
The Adelaïde Group aims to become the leading independent family insurance broker in Europe by achieving a turnover of €800 million by 2028.
What factors contributed to the Adelaïde Group's recent growth?
Solid organic growth and targeted acquisitions have significantly contributed to the Adelaïde Group's impressive turnover increase.
How many acquisitions did the Adelaïde Group make in 2024?
In 2024, the Adelaïde Group completed four strategic acquisitions to enhance its market presence.
What challenges does the Adelaïde Group face in the insurance market?
Like many firms, the Adelaïde Group faces competition, regulatory changes, and the need for innovation to adapt to evolving market conditions.
What is the future outlook for the Adelaïde Group?
The Adelaïde Group is focused on maintaining its growth trajectory through strategic initiatives and international expansion.
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