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Miller named number one for financial performance by IMAS

Miller achieved the most impressive financial results in UK general insurance broking for the 2011/12 financial year according to financial services sector experts, IMAS.

Each year IMAS selects 10 brokers for special mention based on their financial results and ranks the top three in order. This selection is included with the annual Insurance Times top 50 brokers.

Miller is delighted to have been placed top this year based on its 22% organic growth, brokerage of GBP102m and earnings before interest, taxes, depreciation and Amortisation (EBITDA) of GBP20m.

IMAS commented on Miller’s achievements in the past financial year:

'The average brokerage growth of the big four was about 8%, Miller achieved 22% organically, which is a real achievement when accompanied by a growth in EBITDA of more than 50%. This represents a payback for a number of years of investment, and we expect Miller to continue to produce excellent results in the future.'

The four primary selection criteria for the rankings are growth, margin, peer performance and past success.

About IMAS
Established in 2000, IMAS specialises in the sale of financial services businesses and has a track record of more than 100 completed transactions in the financial services industry.