Press releases
Lyon, 30 January 2012 Read more
- 7.9% growth in brokerage commissions and fees
- 45.0% growth for the international activities
APRIL recorded consolidated sales of €565.49 million in the first nine months of 2011, corresponding to an increase of 1.6% on a reported basis and a decrease of 2.5% on a pro-forma basis. Brokerage commissions and fees continued to increase, up 7.9% (and 1.0% on a pro-forma basis), while insurance premiums decreased, down 8.6%.
By division, Health & Personal Protection recorded 9-month sales down 5.3% to €370.40 million, with brokerage commissions and fees down 3.1% due to a cyclical downturn, while insurance premiums declined by 8.6%. Property & Casualty recorded a 16.8% increase in sales to €201.97 million, reflecting a strong increase in brokerage commissions and fees of 31.2% on a reported basis and 8.1% on a pro-forma basis, while insurance premiums declined by 8.4%.
Note that the development of the Group’s international operations continued at a brisk pace, with sales up 45.0% after nine months. Read moreResults for the first half of 2011
31/08/2011- Continuing to refocus on brokerage activities
- High profitability, but temporary dip in Health & Personal Protection
- Turnaround in operating performances in Property & Casualty
APRIL Group recorded consolidated sales of €377.77 million in the first half of 2011, corresponding to an increase of 1.3% on a reported basis and a decrease of 2.2% on a pro-forma basis (*). The Group is continuing to refocus on its brokerage model, as a result of which commissions increased by 8.2% (and by 2.2% pro forma), while insurance premium declined by almost 10.0%.
Operating profit on ordinary activities amounted to €46.6 million in the first half, down 11.3%, reflecting contrasted performances for the different activities, a decline in net financial income because of the less favourable market conditions, and stepped up investments in human resources and information systems. Read more- 8.2% growth in brokerage commission and fees
- 45% growth for the international activities
APRIL Group recorded consolidated sales of €377.77 million in the first half of 2011, up 1.3% on a reported basis but down 2.2% on a pro-forma basis. Brokerage commissions and fees increased by 8.2% (2.2% on a pro forma basis). As the group’s strategy is to refocus on brokerage activities, insurance
premiums declined by almost 10%.
By division, Health & Personal Protection recorded first quarter sales of €249.44 million, down 4.2%, reflecting stable brokerage commissions and fees and a 10.5% decrease in insurance premiums.
Property & Casualty recorded a 13.4% increase in sales to €133.03 million, reflecting strong increases in brokerage commissions and fees of 25% on a reported basis and 6.2% on a pro forma basis, while insurance premiums declined by 7%. Note that Canadian company Elco was consolidated for the first time after its acquisition was finalised in April 2011.
APRIL Group’s international activities continued to develop at a brisk pace, with a 45% increase in sales in the first half. Read more- 4.6% growth in brokerage commission and fees
- 33% growth for the international activities
APRIL Group recorded consolidated sales of €184.08 million in the first quarter of 2011, stable on a reported basis but down 1.9% on a pro-forma basis, reflecting the ongoing refocusing on brokerage, leading to an increase of 4.6% in brokerage commissions and fees, with as corollary a decrease in insurance premiums.
By division, Health & Personal Protection recorded first quarter sales of €124.4 million (68% of total), down 4.1%, reflecting stable brokerage commissions and fees and a decrease of 10.4% in insurance premiums. Property & Casualty recorded a 9.2% increase in sales to €62.1 million, reflecting an increase in brokerage commissions and fees of 13.9% on a reported basis and 4.0% on a pro forma basis, while insurance premiums were stable. Read more
