JLT enjoys steady growth along risk and insurance businesses in Q2
JLT grew both its risk and insurance business and employee benefits business in the first half of 2017, in spite of challenging trading and economic conditions.
JLT's total revenue for the six-month period ending June 30 was £689.9 million, an 11 percent increase from the £610.4 million it made for the same period last year.
The risk and insurance business, which represented nearly 78 percent of global turnover, grew to £540.8 million, an increase of 12 percent.
JLT Re in particular saw a 13 percent increase in revenues to £144.4 million.
Revenues for the employee benefits business increased by 8 percent to £149.1 million.
The company's profit before taxation was £99.2 million in the first half of 2017, an increase from £55.2 million.
"JLT delivered a good financial performance in the first half of 2017," said Dominic Burke, group chief executive. "We have entered the second half with many of our businesses showing increasing momentum and we remain confident that we will deliver full year organic revenue growth more in line with historical rates, generating sustained year-on-year financial progress."
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