UK's Personal Group H1 revenue rises 10% on insurance sales

By Reuters News


Overview

  • UK workforce benefits and insurance provider's H1 revenue grew 10% yr/yr, driven by record insurance sales

  • Adjusted EBITDA for H1 rose 22%, with basic EPS up 28% yr/yr

  • Company increased interim dividend by 10%, citing ongoing confidence in performance


Outlook

  • Company expects full-year results to be in line with market expectations

  • Personal Group says recurring revenue base provides good visibility for remainder of FY 2026

  • Company plans to advance partnerships and invest in lead generation and workforce skills in H2


Result Drivers

  • INSURANCE SALES - Record new business sales and higher average premiums drove 11% rise in insurance revenue

  • CLIENT EXPANSION - Increased penetration within existing clients and new client wins expanded addressable employee base

  • PARTNERSHIPS & PLATFORM - Strategic partnerships and platform enhancements supported lead generation and recurring revenue


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Insurance Revenue

GBP 19.38 mln

H1 Net Income

GBP 3.87 mln

H1 Operating Income

GBP 4.55 mln

H1 Pretax Profit

GBP 4.60 mln


Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the life & health insurance peer group is "buy"

  • Wall Street's median 12-month price target for Personal Group Holdings PLC is GBp465.00, about 15.5% above its September 14 closing price of GBp402.50

  • The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 three months ago


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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

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