Ardonagh Results Show Rapid Response to Pandemic Paid Off

The Ardonagh Group has announced its results for the six months ended 30 June
2020.

David Ross, CEO, said: “Amidst a pandemic and the hardest months of lockdown, Ardonagh has delivered a
strong set of results with EBITDA growing by over 30% to £81m and Adjusted EBITDA growing by 2% to
£100m.

“These financial results illustrate a very limited profit impact from Covid-19; a testament to our business
resilience, diversification, scale and the highly successful investment in infrastructure over the last three years.
“Furthermore, trading in July and August 2020 is materially ahead of prior year.

“Nothing about this period was business as usual, and yet 90% of our people were able to way to work from
home within three weeks from beginning of lockdown in March and we carried on dependably delivering for our
customers.

“I’d like to take this moment to recognize the ingenuity and dedication shown by the 7,000 people throughout the
business; from the managers personally delivering laptops to get contact centre teams set up at home, to our
Advisory brokers guiding clients through their risks and insurance requirements as the world around them
changed.

“With new ways of working bedded in and growth already evident in the second half of the year we look forward
with confidence in the proven resilience of the Group.”

About alastair walker 4465 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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