Clear Group has announced financial results for the year ended October 31, 2025, delivering strong financial and operating results driven by the continued execution of its long-term growth strategy.
Notably, Clear’s revenue increased 44% year-on-year, from £93 million to £134 million. In fiscal 2025, adjusted EBITDA increased by 67% from £27.7 million to £46.2 million, and the adjusted EBITDA margin increased from 31.3% to 34%.
The company’s gross premiums also increased by 13%, from £728m the previous year to £819.3m in FY25.
Clear noted that the company continued to build a diversified insurance distribution platform during the year, combining retail brokerage with specialist wholesale and underwriting capabilities across five commercial pillars: UK retail, MGA, Ireland, London market and brokerage capabilities.
The company continued, “Despite widespread reports of quieter acquisition activity this year, Clear had another year of overall strong progress.
“This performance reflects resilient organic growth in a more challenging trading environment, supported by disciplined acquisitions, operational efficiency initiatives and continued investment in specialized capabilities, technology and talent.
“The business continues to strengthen its position as a leading independent insurance distribution intermediary, expanding its expertise, deepening insurer relationships and strengthening its customer proposition in the UK and Ireland.”
FY25 also marks the London market pillar’s first full year of operations following the acquisition of Lilley Plummer Risks.
During the year, this business segment performed strongly, with revenue growing 67% year-on-year despite weakness in some market categories.
Clear said growth was driven by the expansion of cross-specialty business lines into European and North American markets, while adjusted EBITDA increased 130%, reflecting revenue growth and improved operating leverage.
Clear added: “The continued expansion of the platform is also reflected in the increase in headcount from 38 to 71 employees across the London and Cyprus operations.”
Mike Edgeley, Group CEO of Clear Group, commented: “We have delivered another very positive year for Clear, with strong revenue growth, improved profitability and continued organic growth across the group. These results reflect the disciplined execution of our long-term strategy and the strength of the diversified platform we have built.
“Over the past few years we have transformed Clear into a scaled, multi-pillar insurance distribution group with meaningful specialist capabilities in retail broking, MGA, London markets and Ireland.
In fiscal 2025, we continued to invest in our people, technology, operating infrastructure and customer proposition, while also strengthening our insurance carrier partnerships and expanding our specialized capabilities. We are particularly pleased with the strength and quality of the ambitious people and teams who have joined us over the past 12 months, as we continue to attract leading market talent for those who want to build successful and rewarding careers at Clear Group.
“The London market business has performed exceptionally well in its first full year within the group, and the continued development of Shape Underwriting and our expansion in Ireland shows we continue to see significant opportunities across our platform.
“Importantly, despite a more competitive market environment, we continue to deliver strong organic growth, which reflects the quality of our employees and the strength of our customer relationships.
“As we enter the next phase of our growth journey, our focus remains on expanding capabilities and reach across each operating pillar, attracting the best talent, diversifying and accelerating our strong technology and data agenda to deliver service quality, margin improvements and sustainable long-term growth.”
