Burke claims business model success as income soars

Jardine Lloyd Thompson has announced a 16% in turnover and 22% rise profit in the first six months of 2009.

Financial Highlights (2008 in brackets)

  • Fees and commissions £309.7m (£266.2m)
  • Underlying trading profit £54.7m (£44.0m)
  • Profit before tax £61.3m (£53.4m)
  • Underlying profit before tax £59.7m (£53.4m)
  • Risk & Insurance turnover up 19%, including organic growth of 6% and an improved trading margin of 21%
  • JLT Re turnover up 39%
  • Retail increase 17%
  • London Market up 22%

Dominic Burke, chief executive, said: “At our preliminary results in March 2009 I said that we had entered 2009 in good shape. Today’s results are proof of that.

“Our business model, current structure and strategy provide a sound platform for sustainable profitable growth. We have a strong balance sheet that gives us the flexibility to invest in developing our businesses, through bolt-on acquisitions, targeting talented individuals and identifying niche profitable operations and sectors.

“Whilst the general economic background continues to be challenging, we continue to expect that 2009 will be a year of further progress for JLT."