PSC Insurance Group Announces Record 2024 Earnings

PSC Insurance Group Ltd. (AU:PSI) has released an update.

PSC Insurance Group Ltd. has released its full year results for 2024, showcasing a significant year with record earnings, including a 16% rise in underlying revenue to $343.6M and an 11% increase in underlying NPATA to $87.0M. Amidst these strong financials, the company has not declared a dividend due to an ongoing scheme of arrangement that will affect shareholder payouts. The year also marked PSC’s strategic moves to enhance its independence from buying groups and invest in start-ups, alongside identifying a merger partner to bolster its global insurance brokerage ambitions.

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