Lloyd's broker Miller increased its insurance income per staff member by nearly a third in three years.
The company grew its insurance headcount by 4% - or by 22 people to total 542 - in the last y ...
Lloyd's broker Miller increased its insurance income per staff member by nearly a third in three years.
The company grew its insurance headcount by 4% - or by 22 people to total 542 - in the last year, while insurance income per head increased by 8%.
The cumulative insurance income per insurance staff member was just under £110,000 in the 12 months to 30 April, compared to £101,000 the year before. It was £97,000 in 2001.
Insurance turnover increased by 13% to £59m in the year to 30 April, against £52m the year before.
Total turnover figures increased by just 2% to £67m from £66m reflecting the disposal the year of Miller's travel subsidiary, International Airline Services Ltd.
Shareholders' funds increased by £655,000 in the period compared to £409,000 the year before.
Miller distributes its profits to employees, so its reported pre-tax profit figures do not reflect total profitability.
Staff costs, which include bonuses paid to distribute profits, increased by an average of 15.5% in the year.
Chief financial officer Dick Roberson said the increasing efficiency was a result of both investment in IT and aiming to maximise profit margins.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
