Clear Group has revealed its financial results for the year ended 31 October 2025, delivering strong financial and operational performance driven by the continued execution of its long-term growth strategy.
Notably, Clear’s revenue rose 44% year on year to £134 million, from £93 million. Adjusted EBITDA increased by 67% to £46.2 million in FY2025, up from £27.7 million, while the adjusted EBITDA margin improved to 34% from 31.3%.
The firm’s gross written premium also increased by 13%, rising to £819.3 million in FY2025 from £728 million in the prior year.
Clear noted that it continued to build out its diversified insurance distribution platform during the year, combining retail broking with specialist wholesale and underwriting capabilities across five commercial pillars: UK Retail, MGA, Ireland, London Markets and Brokerbility.
The firm continued, “Despite a widely reported quieter year for acquisitions across the market, Clear delivered another year of strong overall progress.
“This performance reflected resilient organic growth in a more challenging trading environment, complemented by disciplined acquisitions, operational efficiency initiatives, and continued investment in specialist capabilities, technology and talent.
“The business continued to strengthen its position as a leading independent insurance distribution intermediary, expanding its specialist expertise, deepening insurer relationships and enhancing its client proposition across the UK and Ireland.”
FY2025 also marked the first full year of operation for the London Markets pillar following the acquisition of Lilley Plummer Risks.
During the year, the business segment delivered a strong performance, with revenue increasing by 67% year on year despite softer conditions in certain market classes.
According to Clear, growth was supported by expansion into European and North American markets across specialist lines of business, while adjusted EBITDA increased by 130%, reflecting both revenue growth and improved operational leverage.
“The continued scaling of the platform was also reflected in headcount growth from 38 to 71 colleagues across London and Cyprus operations,” Clear added.
Mike Edgeley, Group CEO of Clear Group, commented, “We have delivered another highly positive year for Clear, with strong revenue growth, improved profitability and continued organic growth across the Group. These results reflect the disciplined execution of our long-term strategy and the strength of the diversified platform we have built.
“Over the last few years, we have transformed Clear into a scaled, multi-pillar insurance distribution Group with meaningful specialist capability across retail broking, MGAs, London Markets and Ireland.
During FY2025 we continued to invest in our people, technology, operational infrastructure and client propositions, while also strengthening our insurer partnerships and expanding our specialist capabilities. It’s particularly pleasing to see the strength and quality of ambitious people and teams who joined us in the last 12 months as we continue to attract leading market talent for those who want to build successful and rewarding careers at Clear Group.
“The London Markets business has performed exceptionally well in its first full year within the Group, while the continued development of Shape Underwriting and our expansion in Ireland demonstrate the significant opportunities we continue to see across the platform.
“Importantly, we continue to deliver strong organic growth despite a more competitive market environment, reflecting both the quality of our people and the strength of our customer relationships.
“As we move into the next phase of our growth journey, our focus remains on broadening the capability and reach of each of our operating pillars, attracting the best talent, diversifying and accelerating our strong technology and data agenda to deliver service quality, margin improvement and sustainable long-term growth.”
