Hyperion posts solid results, forms sustainability committee
Hyperion Insurance Group enjoyed strong growth and improved profits in the 12 months to September 30, 2019, as its CEO praised the company’s long-term organic growth and balanced geographical business model.
The broker increased its revenues by 17 percent in the period to reach £725 million. It also increased its profits by 16 percent, posting a consolidated EBITDA of £211 million. Its EBITDA margin was 29 percent. Its revenues were generated by the following geographical split: 18 percent UK, 26 percent Europe, 22 percent North America, 6 percent Latin America, 19 percent Asia Pacific, and 9 percent TMEA (Turkey, the Middle East and Africa).
Its international broking business, which will operate as Howden from 1 October 2020, enjoyed organic growth of 11 percent. Its underwriting business, DUAL, posted gross written premiums of more than $1 billion.
The company also said it has formed what it calls a sustainability committee to help drive an ethos of sustainability within the company. This will be led by John Bernstein, group non-executive director. It also said it plans to scale up its charitable entity, the Hyperion Foundation, now chaired by group non-executive director and founder of DUAL, Luis Munoz-Rojas.
David Howden, CEO, Hyperion, said: “Over the past 25 years we have built Hyperion from a three person start-up into the international group that is challenging the status quo for talent, clients, insurers and broker partners. We have consistently been the fastest growing of our peers with market-leading organic growth, which again this year was ahead of the market at 11 percent. Over the past 25 years, we have seen a compound annual growth rate of 35 percent.
“Critically,we have accomplished this by maintaining our culture of empowerment, integrityand agility, and by recognising that what clients want is excellence and expertise. Today, we have over 800 shareholders that work for Hyperion who own just under 50 percent of the Group, joined by long-term investors General Atlantic and CDPQ.
“I am proud that this has always been a place for entrepreneurial talent who want to grow careers and build businesses. We continue to attract the very best. Staying true to our founding principles and joining with culturally-aligned people and businesses has allowed us to deliver results for our clients in the long term. And we are only just getting started.”
