Personal Group hails consistent insurance performance during pandemic

Personal Group is a leading provider of both traditional and digital employee engagement services and products for thousands of employees across the UK

With over 35 years’ experience protecting the working backbone of the UK, including bus drivers, factory workers and care support staff, we provide insurance packages and reward and benefits programmes that understand people are more than just an employee. We look at the whole person, and our services are tailor-made for our clients with employee happiness and wellbeing in mind.

() posted higher interim revenues and restarted face-to-face insurance sales, which should help to lift earnings going forward.

In the six months ended 30 June, revenue rose 12% to GBP34mln but adjusted underlying earnings (EBITDA) declined 18% to GBP4mln as COVID-19 restrictions hit in-person meetings.

The workforce benefits and services provider declared an interim dividend of 5.3p per share and ended the period with cash and deposits of GBP22mln and no debt.

In the first half, it secured 40 new client wins, including home goods retailer Homebase, University of York and The Royal Mint.

() said it is on course to meet full year expectations, demonstrating its diverse streams of recurring revenues amid continuing Coronavirus (COVID-19) restrictions and that its workforce benefits and services offering resonates more than ever.

The AIM-listed company reported revenues of roughly GBP34mln for the six months to 30 June, up from GBP30.4mln a year ago. The rise was driven primarily by over 50% more pass-through transactional spend on the Hapi platform on products such as e-vouchers and reloadable cards, demonstrating high usage by registered employees.

() has appointed Liam McGrath, the former chief operating officer (COO) of Equniti, as the COO of the company.

McGrath will clock in on May 24 and will be appointed to the board on the same date, subject to the requisite approvals being granted by the relevant authorities.

() is eyeing potential acquisitions following a decent run during the pandemic.

Chief executive Deborah Frost told Proactive the board has been scanning the market to see what would fit the group’s model.

() () Deborah Frost joins Proactive London’s Katie Pilbeam to discuss their six month results which ended 30 June.

Revenue rose 12% to GBP34mln but adjusted underlying earnings (EBITDA) declined 18% to GBP4mln as COVID-19 restrictions hit in-person meetings.

As Frost explains now that the firm has restarted face-to-face insurance sales, this should help to lift earnings going forward.