JLT EB revenue rises 18% to £172m in 2013

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JLT Employee Benefits' (JLT EB) UK and Ireland business saw its revenues increase 18% to £172.1m for the year ending December 31 2013.

In its preliminary results announced today, the group revealed total revenue for its employee benefits business rose 25% to £255.3m year-on-year.

The group's overall revenue edged up 11% to £979.2m for the period, with ten acquisitions concluded during the year including that of Towers Watson Reinsurance.

It previously acquired Alexander Forbes Consultants and Actuaries towards the end of 2012 in a deal worth £17m (PP Online, 5 October 2012).

Its global workforce totalled more than 9,100 last year, with 1,500 new joiners to the group.

Yesterday, John Breedon (pictured) was confirmed as JLT EB head of investment consulting in the wake of Peter Ball's departure (PP Online, 3 March).

Chief executive Dominic Burke said: "We are pleased to deliver another strong set of results, building on the progress and momentum of previous years, as we continue to execute our clearly defined strategy."

He acknowledged that the external operating and competitive environment was challenging but remained confident of the group's ability to continue to deliver financial progress.

 

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