Hyperion Insurance Group Limited has reported revenue of £725 million (USD 943 million) for the year ended 30th September, 2019, and 11% organic growth.
The company has noted that it closed the financial year with strong performances across all business segments, which helped it record an 11% jump in revenue when compared with a year earlier.
Currently, the insurer has more than 5,000 employees across 38 territories and handles USD 7 billion of premium on behalf of its clients.
Hyperion’s international broking operation, which, following the merger of Howden and RKH is set to operate as Howden from the 1st of October, 2020, also recorded 11% organic growth in the financial year. Furthermore, this unit continued to expand through the period, with investments in a number of different jurisdictions in an effort to strengthen the company’s presence.
The company also operates the largest international MGA, in DUAL, which writes more than USD 1 billion gross written premium from 36 offices in 16 countries.
At the same time, Hyperion X, which was launched in 2019 as a new business targeting key areas of data, analytics and digital platform delivery for the London-based insurer, recruited leading talent through the financial year.
Hyperion’s Chief Executive Officer (CEO), David Howden, commented: “Over the past 25 years we have built Hyperion from a three person start-up into the international Group that is challenging the status quo for talent, clients, insurers and broker partners. We have consistently been the fastest growing of our peers with market-leading organic growth, which again this year was ahead of the market at 11%. Over the past 25 years, we have seen a compound annual growth rate of 35%.
“Critically, we have accomplished this by maintaining our culture of empowerment, integrity and agility, and by recognising that what clients want is excellence and expertise. Today, we have over 800 shareholders that work for Hyperion who own just under 50% of the Group, joined by long-term investors General Atlantic and CDPQ.
“I am proud that this has always been a place for entrepreneurial talent who want to grow careers and build businesses. We continue to attract the very best. Staying true to our founding principles and joining with culturally-aligned people and businesses has allowed us to deliver results for our clients in the long term. And we are only just getting started.”
Overall, Hyperion saw its adjusted consolidated EBITDA increase 16% to £211 million (USD 274 million), and has reported an EBITDA margin of 29% for the financial year ended September 30th, 2019. The insurer has also reported cash and other facilities of more than £300 million (USD 390 million) to support sustainable growth and selective acquisitions.
By geography, Hyperion’s revenue split for the period is 18% UK, 26% Europe, 22% North America, 6% Latin America, 19% Asia Pacific, and 9% Turkey, the Middle East and Africa (TMEA).
