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JLT 2013 underlying profit before tax rose by 13% to GBP177.4m

Jardine Lloyd Thompson (JLT), a UK-based insurance and re-insurance company, has reported underlying profit before tax of £177.4m for the full year 2013, up 13% compared to £156.4m during the corresponding period earlier year.

For the year ended on 31 December 2013, JLT total revenue rose by 11% to £979.2m including 8.5% organic growth and 4% growth from acquisitions.

Reported profit before tax grew to £154.6m compared to $151.5m during the comparable period last fiscal.

The company said that the total revenue in the risk and insurance division increase by 7% to £723.9m. Trading profit also rose by 7% to £149.9m compared to £139.7m during the same period a year ago.

JLT Specialty registered revenue of £244.8m and organic growth of 4%, while the trading profit grew by 9% to £51.2m against £46.8m during the same period of 2012.

JLT Group chief executive Dominic Burke said, "We are pleased to deliver another strong set of results, building on the progress and momentum of previous years, as we continue to execute our clearly defined strategy.

"Although the external operating and competitive environment remains challenging, JLT’s distinctive culture, clear strategy and expanding platform give us real confidence in our ability to deliver year-on-year financial progress.”