Clear Group sees revenue and ebitda climb in latest full-year results

Clear Group has seen its adjusted earnings before interest, taxes, depreciation and amortisation (ebitda) climb 45.8% year-on-year, up from £19m in 2023 to £27.7m in 2024.

The figures come from Clear Group’s latest financial results – covering the full year ending 31 October 2024 – and also revealed that the firm’s overall revenue climbed to £93m in the latest period, up 24.5% from £74.7m the previous year.

The firm also reported 11% organic growth in gross written premium (GWP) in the first quarter of 2025, amid what it described as a “more challenging economic backdrop and a more competitive rate environment”.

Clear Group said the results were a validation of its long-term strategy of becoming a “holistic, multiline insurance group, serving clients across regions and sectors”, and that the rises were largely driven by an “expansion of its capabilities, strategic growth through high quality acquisitions and the development of an integrated platform”.

Growth plans

The group has been following a buy-and-build strategy and since 2020 has expanded its broking business to include an MGA arm and London market operations.

Mike Edgeley, group chief executive at Clear Group, said: “We’re proud of what we’ve achieved, not just in numbers, but in the shape and capability of the business we’ve built. Our strategy is working.

“We’ve scaled smartly, integrated effectively and we continue to grow organically at pace, which is testament to the quality of our employees considering some of the market headwinds. Most importantly, we’ve built a business that clients trust, that talent wants to join and that is positioned to thrive in any market cycle.”