Adelaide Group Financials 2025: Turnover Up 10%

 The latest set of results from the Adelaide Group;

In 2025, the Adelaïde Group confirmed the strength of its business model with aggregated turnover of €495 M, an increase of 10%:

• The Insurance Brokerage and Consulting business (Verlingue, Angelus) grew by 9.5% to reach €344 M.
• The Management branch (Génération) posted 10% growth, with €134 M in turnover.
• The Insurance Distribution & Underwriting businesses (Cocoon, Dune) posted €17M in revenues (+20%).

The Group also confirmed its solid fundamentals, with a customer satisfaction rate of 88% and a retention rate of 95%. In 2025, 24% of the Group’s turnover was generated through its international business.

“In a market that is still being affected by geopolitical tensions, our progress confirms the strength of our model and the confidence of our clients.” says Gilles Bénéplanc, Deputy CEO of the Adelaïde Group.

Growth driven by the entire insurance-brokerage value chain

In 2025, our insurance brokerage Group continues its expansion. This development drive also resulted in several external growth initiatives:

• the acquisition of EBCam by Verlingue in the UK
• the continued acquisition of business portfolios and commercial talents in Italy;
• the increase in Adelaïde’s stake in Angelus Courtage,
• and the acquisition of a stake in Antoma Courtage,

The consulting and brokerage activities, driven by Verlingue and Angelus Courtage, both ranked among the top 20 brokers in France, confirmed their strong positions.

In 2025, Verlingue posted turnover of €323M (+3%). The year also marked the arrival of Vincent Harel, and more recently by Nicolas Naftalski, as part of a new organisational structure.

At the same time, Angelus Courtage continued to grow, with a turnover of €21M (+30%).

Génération confirmed its dynamic organic growth with a turnover of €134M (+10%). This performance was driven by the strong development of its individual and collective healthcare and life insurance businesses.

To support this expansion, the company continued to strengthen its operational structure by opening new sites in France and Portugal.

Cocoon posted €14M in turnover (+10%) driven in particular by the growth of its business in individual health insurance for people leaving group schemes.

Dune confirmed strong growth momentum with revenues of €3 M, up 50%.

Confirmation of its European objective

The Group remains fully committed to implementing its Better Future 28 strategic plan :

“Our objective remains unchanged: to build a leading and independent European group by leveraging the strength of our business model, the quality of our teams and a structured, sustainable growth strategy” says Benjamin Verlingue, Chairman and CEO of the Adelaïde Group.