LifeSearch Holdings saw a year of growth in 2018 and it shows in its results.
The LifeSearch 2018 results report a continued investment in technology, digital presence, and people. Furthermore, turnover, gross profit, and EBITDA grew by 5.7%, 10% and 7% respectively.
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Key LifeSearch 2018 results:
- 5.7% increase in turnover to £33,744,150 ($43.8m);
- 10% increase in gross profit to £8,488,730;
- 7% increase in EBITDA to £2,312,118, and
- 2% increase in PBT to £1,018,946
Tom Baigrie, founder and chief executive of LifeSearch, said: “I am delighted with our performance in what is at last a growing market for protection. We have achieved continued growth while investing heavily and being recognised as a truly outstanding place to work. We are already seeing the results of our spending on technology, enhancing our digital capabilities, and strengthening our senior leadership team, but it is our continued investment in our people that is reinforcing our solid foundations and enabling us to continue our positive trajectory ensuring we can keep protecting more and more families and businesses.
“We take great pride in our strongest asset as a business: our values and culture as reflected in what our now 500 strong team do for our customers. We are the protection partner of choice for the country’s leading brands in our space and the trusted adviser for the more than 2400 people, families and business we protect each week.”
Advisory Firm of the Year at the Life Insurance Innovation Forum and Awards 2018 went to LifeSearch.
Other winners included Aditya Birla Health Insurance who won Digital Innovation of the Year – Insurers for the 2nd year running while Digital Innovation of the Year – Technology Firms went to Intellect SEEC. Zurich who won Best Business Transformation and The Diversity Award; while Anorak was the winner in the Most Innovative Life/Health Insurance Firm category. Most Innovative Protection Insurance Intermediary and Most Innovative Back Office Service Provider categories went to London and Country & iPipeline respectively.
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