- Gross written premium growth of 23% to £124m
- Turnover growth of 17% to £38m
- Underlying EBITDA growth of 13% to £13m
Avantia has continued its robust growth track record in 2023, driven by strong industry partnerships and continued investment in data and technology.
The firm reported turnover of £38m in 2023, a 17% increase year on year, with headcount expansion of 14 colleagues increasing the total workforce to 100 staff.
This marks the sixth consecutive year of double-digit growth, solidifying the company’s trajectory of sustained success and resilience in a challenging market.
Mark Eastham, CEO of Avantia Group, said: “2023 was undoubtedly a challenging year for the industry, with increased claims driven by a number of extreme weather events. However, our focus on advanced data and technology, underpinned by strong partnerships, has kept us resilient and on an upward trajectory and we’ve carried this momentum into 2024. By continuing to focus on these aspects of our business model, investing in our people, and continuing to transform our customer experience, we are confident that we are well placed to deliver further growth as the market steadies.”