June 30 2026
- 2025 Pro-forma revenue landed at £570.4 million, reflective of macro-economic conditions, strong economic headwinds, cautious investor sentiment, and a soft insurance cycle
- M&A growth was underpinned by 31 acquisitions, strengthening the Group’s presence in the UK and Europe, with new market entry into Portugal
- Organic growth was achieved through increased policy count and commission uplift, driven by a combination of new business and strong renewal performance
PIB Group Ltd (‘PIB’, the ‘Group’), the specialist insurance intermediary Group, has announced its financial results for the year ended 31 December 2025, underlining the resilience of its business model.
The Group’s International Financial Reporting Standards (IFRS) revenue reached £644.7m for the year ended 31 December 2025, compared to £529.8m in 2024. Organic revenue growth was underpinned by continued policy count growth, through a combination of new business and strong renewals. Strong volume growth, coupled with positive commission uplifts, was sufficient to more than offset headwinds from a softening rate and pricing environment.
On a pro forma adjusted basis, which better reflects underlying, like-for-like operating cash performance, revenue reached £570.4m, compared with £572.7m in 2024. Pro forma adjusted EBITDAE was £159.1m (2024: £192.7m).
Pro forma adjusted EBITDAE margin was 27.9% in 2025, as the Group prioritised operational efficiency and sustainable growth drivers during a period of market volatility.
Strategic Growth and European Expansion
In 2025, the Group completed a record 31 acquisitions, which contributed approximately £48.7m in annualised EBITDA. The deals built on momentum from 2024 and strengthened the Group’s market presence and broad capabilities as a major pan-European broking group.
The Group achieved a significant milestone in its European growth in 2025, with its entry into the Portuguese market through the acquisition of Vitorinos Group and continued expansion in other core markets. It completed several notable acquisitions, including Fincon in Poland, Thoma in the Netherlands and the MGA Litica in the UK, which has a strong foothold in the US and Australia.