Adelaïde Group Reports Significant Growth While Expanding European Market Reach
The Adelaïde Group has declared a remarkable growth trajectory with a turnover of €450 million for the year 2024, marking a robust 12.5% increase compared to the previous fiscal year. This solid performance is a testament to the effectiveness of its strategic plan, known as Better Future 28, aimed at positioning the group as Europe’s top independent family insurance broker. The leadership, including CEO Benjamin Verlingue and his deputy executives, attributes this success to a combination of healthy organic growth and targeted acquisitions, emphasizing their commitment to maintaining a family-driven business model.
In 2024, the Group showcased its determination to strengthen its foothold in the European market by successfully completing four strategic acquisitions. These included DUNE, a Managing General Agent focused on construction insurance, which enhances the Group’s capabilities in specialized insurance distribution. Additionally, establishing a presence in French-speaking Switzerland through ProConseils Solutions reflects a strategic move to tap into key regional markets. The Group also bolstered its operations in Italy by acquiring MBB and Brixia Broker, which significantly broadened its coverage in that region.
The advancements of the Adelaïde Group in 2024 were characterized not only by acquisitions but also by impressive internal growth across its various subsidiaries. Verlingue achieved a turnover of €314 million, up 10%, significantly boosted by international operations that now contribute to 37% of its revenue. Vincent Harel is set to succeed as CEO of Verlingue, starting from April 28, 2025, indicating a strategic leadership transition aimed at sustaining this growth momentum.
Another highlight was Génération, a third-party administrator which reported an 18% surge in growth, resulting in turnover reaching €121 million and expanding its policyholder base to approximately 2.6 million for health insurance and 1.2 million for life insurance. Cocoon, specializing in individual health insurance, successfully optimized its digital channels, undergoing a restructuring that resulted in consistent growth and signaling a move toward profitability with €13 million in revenue. Notably, DUNE is also making strides as it establishes itself in the underwriting market, having underwritten €10 million in premiums already.
Overall, the Adelaïde Group’s commitment to organic growth, strategic acquisitions, and digital transformation highlights its ambition to become a major player in Europe’s insurance brokerage landscape. With currently around 2,900 employees and managing around €4.5 billion in premiums, the Group is tireless in its efforts to provide comprehensive insurance solutions while remaining a family-oriented enterprise. It continues to take significant strides towards its goal of achieving €800 million in turnover by 2028, reflecting a resolute focus on sustainable growth and market leadership in the insurance sector.
In 2024, the Group showcased its determination to strengthen its foothold in the European market by successfully completing four strategic acquisitions. These included DUNE, a Managing General Agent focused on construction insurance, which enhances the Group’s capabilities in specialized insurance distribution. Additionally, establishing a presence in French-speaking Switzerland through ProConseils Solutions reflects a strategic move to tap into key regional markets. The Group also bolstered its operations in Italy by acquiring MBB and Brixia Broker, which significantly broadened its coverage in that region.
The advancements of the Adelaïde Group in 2024 were characterized not only by acquisitions but also by impressive internal growth across its various subsidiaries. Verlingue achieved a turnover of €314 million, up 10%, significantly boosted by international operations that now contribute to 37% of its revenue. Vincent Harel is set to succeed as CEO of Verlingue, starting from April 28, 2025, indicating a strategic leadership transition aimed at sustaining this growth momentum.
Another highlight was Génération, a third-party administrator which reported an 18% surge in growth, resulting in turnover reaching €121 million and expanding its policyholder base to approximately 2.6 million for health insurance and 1.2 million for life insurance. Cocoon, specializing in individual health insurance, successfully optimized its digital channels, undergoing a restructuring that resulted in consistent growth and signaling a move toward profitability with €13 million in revenue. Notably, DUNE is also making strides as it establishes itself in the underwriting market, having underwritten €10 million in premiums already.
Overall, the Adelaïde Group’s commitment to organic growth, strategic acquisitions, and digital transformation highlights its ambition to become a major player in Europe’s insurance brokerage landscape. With currently around 2,900 employees and managing around €4.5 billion in premiums, the Group is tireless in its efforts to provide comprehensive insurance solutions while remaining a family-oriented enterprise. It continues to take significant strides towards its goal of achieving €800 million in turnover by 2028, reflecting a resolute focus on sustainable growth and market leadership in the insurance sector.
Topics Financial Services & Investing）
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