Revenue at Howden Insurance has reached £3bn in the year to 30 September 2024, an increase of 23% year-on-year.

The firm saw its consolidated EBITDA jump by 18% to £922.2m.

Across Howden’s divisions, its organic revenue in insurance broking increased by 14%, after entering new markets in Denmark and Luxembourg, following the acquisitions of North Risk and United Brokers respectively.

Meanwhile, its reinsurance division revenue jumped by 30%. Howden said that this was "driven by strong performance of the Treaty business across London and North America".

Across its underwriting division, organic revenue growth increased by 6%, after "strong new initiative growth across Europe and Asia Pacific (primarily New Zealand) as well as North America and the UK retail business".

Across the year, the firm undertook a number of financings including a full refinancing and maturity extension in February, which included a "debut high yield bond", two revolving credit facility capacity increases and a new delayed draw term loan facility.

Founder and chief executive officer at Howden, David Howden, said: "Our track record of growth is founded on our ability to attract and retain the very best. Our talent drives our performance, helping us win new clients, and build a long-term, sustainable business with employee ownership as our key differentiator and now with an enterprise value approaching £20bn.

"I’m incredibly excited about the future. Looking ahead, we will continue to capitalise on our stellar track record, retaining our focus on strong organic growth, strategic M&A, investment in talent and operational excellence. In so doing, we will be able to grow even faster, ready to meet our ambitious plans. We’ve turned 30, and we’re only just getting started."

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