Ecclesiastical Insurance Achieves Record Profits and Charitable Milestone in 2024

An update from Ecclesiastical Insurance Office ( (GB:ELLA) ) is now available.

Ecclesiastical Insurance Office PLC reported a record-breaking financial performance for 2024, with profits before tax reaching £82.5 million, up from £44.8 million in 2023. The company achieved significant growth in gross written premiums and underwriting profits, driven by new business wins and a stable claims environment. Ecclesiastical also expanded into new sectors and maintained strong customer satisfaction, while continuing its mission to donate to charitable causes, reaching a milestone of £250 million given since 2014. The company’s strong financial results and strategic growth initiatives have reinforced its position as a leading insurer in its niche markets, with a focus on supporting good causes and enhancing its reputation as a world-class employer.

More about Ecclesiastical Insurance Office

Ecclesiastical Insurance Office PLC is a specialist insurance group that is part of the Benefact Group, owned by the charity Benefact Trust. The company focuses on providing insurance services, particularly for iconic and irreplaceable buildings, and is known for its commitment to contributing to the greater good of society through charitable donations.

YTD Price Performance: 7.58%

Average Trading Volume: 81,631

Technical Sentiment Consensus Rating: Sell

For a thorough assessment of ELLA stock, go to TipRanks’ Stock Analysis page.