#France #Insurance Brokerage #Adelaïde Group #European Growth #Neuilly-sur-Seine

Adelaide Group's 2025 Growth Strategy

The Adelaide Group is confidently advancing into 2025, reaffirming its commitment to strengthen its position within the European market. As confirmed in their recent announcement, the total consolidated revenue is projected to reach €495 million, reflecting a 10% growth from previous figures.

This success is not merely a result of organic growth; it is underpinned by strategic decisions across different sectors of the business. The group has witnessed impressive gains in its Brokerage and Consulting divisions, specifically with Verlingue and Angelus, which together experienced a robust growth of 9.5%, bringing in €344 million.

Another strategic focus is the Management of Insurance Benefits sector (Génération), which has ominously grown by 10%, now accounting for €134 million of their overall revenue. Additionally, the Distribution and Underwriting segment also reflects an encouraging trend, with revenues jumping 20% to €17 million.

A firm foundation lays the groundwork for further success. With a dedicated workforce of 3,100 employees, Adelaide boasts an impressive customer satisfaction rate of 88% and a remarkable customer retention rate of 95%. Notably, 24% of the company's revenue is generated from international markets in 2025, further solidifying their foothold in Europe amidst economic uncertainties.

"Our evolution, despite geopolitical tensions and sluggish economic growth, elucidates the stability of our business model and the trust bestowed upon us by our clients," stated Gilles Bénéplanc, Deputy CEO of the Adelaide Group.

Strategic Growth Across the Value Chain

The Adelaide Group has not only focused on organic growth within various segments but has also propelled its expansion through targeted acquisitions and initiatives. For instance:

• - The acquisition of EBCam in the UK by Verlingue strengthens their brokerage capabilities.
• - Additional portfolio and team acquisitions in Italy are set to enhance their service offerings.
• - The company has increased its stake in Angelus Courtage, while also engaging with Antoma Courtage for further market presence.

Verlingue's operations continue to exhibit resilience in the Property and Casualty Insurance market, which is transitioning from years of high premiums to a new normal. With an expected revenue of €323 million in 2025 (+3%), Verlingue's robust international activities account for 37% of its total income.

On the other hand, Angelus Courtage has maintained an upward trajectory, achieving an impressive revenue of €21 million, a 30% increase, which underscores its successful expansion strategy.

Sustained Growth Momentum for Génération

Génération also continues to show promising results, with its revenue hitting €134 million—a notable increase of 10%. This growth is primarily driven by both individual and collective health and insurance sectors. To facilitate this expansion, the company is enhancing its operational structure by opening new locations in France (Caen) and Portugal (Coimbra), increasing its total number of offices to six.

In its Distribution and Underwriting activities, Cocoon, focusing on individual clients, reported a revenue of €14 million (+10%), significantly benefitting from its strategy to diversify offerings in personal health insurance after stepping away from group contracts. Meanwhile, Dune, which specializes in underwriting construction risks, showcased remarkable growth with a revenue surge of 50% to €3 million.

A Drive Towards European Leadership

The Adelaide Group's trajectory aligns with its strategic plan, Better Future 28, which aims to position the company as a leading independent and family-owned broker in Europe. "Our ambition remains steadfast: to establish an independent European reference company, leveraging our model’s strength, the quality of our teams, and a sustainable, structured growth strategy," concluded Benjamin Verlingue, Chairman and CEO of the Adelaide Group.

Overall, the Adelaide Group is strategically navigating the complexities of the European market landscape, showcasing a commitment to growth and resilience in uncertain times. With a diverse portfolio and a dedicated team, the group is poised for continued success in the coming years.