APRIL recorded consolidated sales of €191.36 million in the first quarter of 2012, corresponding to an increase of 4% on a reported basis and a change of +2.6% on a pro-forma basis. The core brokerage activity recorded an increase of 3.7% in the period, while insurance premiums increased in like proportion, up +4.5%.
By division, Property & Casualty recorded particularly upbeat performances in the first quarter, with a 13.4% increase in sales to €70.45 million. Health & Personal Protection recorded a slight decrease of 1% to €123.15 million.
The rapid growth enjoyed by the Group’s international activities was confirmed in the first quarter, with a 26% increase in sales. It will be recalled that, on 16 April of this year, APRIL announced the acquisition of MediCare International in the United Kingdom, a wholesale broker specialising in health insurance for expatriates, marketed directly and through a network of 100 brokers in fifteen countries. MediCare, which generates annual sales of around €2 million, will be consolidated as from the second quarter of 2012.
APRIL will publish its sales for the six months ending 30 June 2012 on 23 July 2012 after the market closes.
APRIL (Compartment B, Deferred Settlement Service) employs 3,833 people in 35 countries providing services to more than 6 million policyholders.