QUIMPER, France, April 3, 2025 /PRNewswire/ -- With turnover of EUR450 million in 2024, up 12.5%, the Adelaïde Group has reached a new milestone in the roll-out of its Better Future 28 strategic plan to become Europe's leading independent family insurance broker, and has confirmed its ambition to achieve turnover of EUR800 million by 2028.
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Solid results and sustainable growth momentum
When presenting the annual results, Benjamin Verlingue, Chairman and CEO of the Adelaïde Group, along with Audrey Verlingue and Gilles Bénéplanc, Deputy CEO's of the Adelaïde Group, highlighted the solidity of the Group's model, based on robust organic growth (+10%) and a strategy of targeted acquisitions.
"Our 2024 performance confirms the relevance of our strategy and the strength of our independent family model. Our Better Future 28 strategic plan, launched nine months ago, embodies our collective ambition: becoming Europe's leading family brokerage company, while remaining true to our values," Benjamin Verlingue said.
2024: A year marked by strategic acquisitions
The Adelaïde Group strengthened its strategic positions in the European brokerage market by making four acquisitions, illustrating its desire to diversify its expertise and expand its geographical presence:
-- DUNE (France): This Managing General Agent, specialising in construction
insurance, enables the Group to broaden its scope of expertise in
insurance distribution.
-- ProConseils Solutions : Verlingue's first location in French-speaking
Switzerland, marking a significant step forward in the market in this
key region.
-- MBB and Brixia Broker (Italy): Two acquisitions of insurance brokers
that strengthen the territorial coverage of Inser, Verlingue's
subsidiary in Italy.
2024 highlights: Growth and transformation across the Group
In 2024, the Adelaïde Group continued its growth momentum, marked by solid performances and strategic investments across its various entities.
-- Verlingue generated turnover of EUR314 million, up 10%. Thanks to
sustained expansion in France and Europe, through acquisitions in Italy
and Switzerland, Verlingue has consolidated its position in the
brokerage market. In 2024, international business accounted for 37% of
Verlingue's turnover. Vincent Harel has been appointed CEO of Verlingue,
due to take up his post on 28 April 2025.
-- Génération, a Third-Party Administrator for both individual, company
health and employee benefits, achieved remarkable growth of 18%, with
turnover of EUR121 million. Its portfolio grew to 2.6 million health
policyholders and 1.2 million life insurance policyholders.
-- Cocoon, a subsidiary dedicated to individual health insurance, continued
to restructure its portfolio by optimising its digital channels,
sustaining profitable growth with turnover of EUR13 million. In 2024,
the brand stepped up its activity in the individuals leaving group
schemes segment in particular, recording 12,000 new contracts.
-- DUNE, which joined the Group in 2024, aims to position itself as a key
player in the underwriting market, specialising in construction
insurance. This new entity has already underwritten EUR10 million in
premiums through a network of 650 brokers, illustrating its strong
strategic potential
About Adelaïde
The Adelaïde Group is specialised in insurance consulting, brokerage, distribution and management. The Group is one of France's leading insurance brokers. Organic growth, strategic acquisitions, international expansion and digital transformation are the Group's four priorities for achieving its objective of building a major family-owned and independent insurance brokerage group with a European reach.
2,900 employees
2.6 million policyholders with health cover and 1.2 million with life cover
4.5 billion in premiums managed
Present in 5 countries: France, Great Britain, Switzerland, Portugal, Italy
www.adelaidegroup.fr [http://www.adelaidegroup.fr/]
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Press contact
Lucie Fortin lfortin@epoka.fr [mailto:lfortin@epoka.fr]
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Photo: https://mma.prnewswire.com/media/2380073/4781860/Groupe_Adelaide_Logo.jpg Groupe AdelaïdeCONTACT: Thomas Barbelet - thomas.barbelet@verlingue.fr - +33672754914
