Randall & Quilter: Interim Update - Progress & Further Opportunities
Following on quickly from its impressive full year results, these interim results confirm that our confidence for growth in the Program Management business was not misplaced. Contracted Premium increased 95% YoY (and 12% ahead of December 2019) to $925m – a stone’s throw away from the $1bn 2020 guidance set in 2018. At the same time, Gross Written Premium (GWP) grew 42.6% to £247.2m, resulting in Economic EBITDA turning positive, at £0.8m compared to a loss of £0.3m in 1H19.
Read the full note on Research Tree here.