Acrisure Italia Group Shareholders' Meetings Approve Financial Statements for the Year Ended December 31st 2023

Sassari, April 29th 2024

The Shareholders’ Meetings of the Acrisure Italian Group, held today under the chairmanship of Dr. Andrea Maffei and Dr. Jason Howard, approved the Financial Statements for the year ended December 31st 2023, as resolved by the respective Board of Directors meeting of 27st March 2024.

The Group closed the year with revenues of over 43 million euros and an Adjusted EBITDA (net of intercompany costs) of 22.5 million euros, representing an 11% increase compared to 2022. This growth was driven by the consolidation of operations across all business sectors, which now include partnerships with more than 40 leading insurance companies across 8 business lines. Among these, the motor and welfare sectors exhibited particularly strong performance during the year.

“We are immensely proud to present such positive financial results, surpassing our previous year’s targets. This reaffirms our Group’s unwavering commitment to growth while maintaining our unwavering focus on efficiency, reliability, and financial soundness. The exceptional contributions of our dedicated team have been instrumental in achieving these remarkable milestones and further solidifying our market position. From a commercial perspective, the strong financial figures underscore the wisdom of our multi-business line strategy, which has not only reaffirmed our leadership in the core Motor and Welfare sectors, but also fueled the expansion of our reinsurance and agricultural businesses" says Dr. Stefano Sardara, Country Manager Italy.

"As we look towards the future, we remain steadfast in our mission to deliver high-quality, exceptional services and foster the long-term success of our Group. We are confident in our robust and structured organizational foundation and are brimming with optimism and enthusiasm for the opportunities that lie ahead" says Dr. Francesco Sardara, CEO of Acrisure Services S.r.l. 

In its capacity as a Benefit Company, the Shareholders’ Meeting of Acrisure Italia S.p.A. also approved the company’s first Impact Report, marking a significant step forward in its commitment to promoting social and environmental responsibility within its corporate culture.

Dr. Altea Castellaneta, Impact Manager of Acrisure Italia, states “The approval of our inaugural Impact Report serves as a testament to our unwavering dedication to being a catalyst for positive change. We remain committed to upholding the highest standards of responsible corporate management, with the aim of creating a lasting and meaningful impact on the communities and environments in which we operate.

The Shareholders' Meeting of Acrisure Italia S.p.A. also reappointed Dr. Stefano Sardara, Country Manage Italy, as CEO.

About Acrisure

Acrisure is a global Fintech leader that seamlessly combines entrepreneurial spirit with profound expertise in insurance, reinsurance and brokerage services, delivering extraordinary value to millions of customers worldwide. The company harnesses the power of its people, data and technology to provide a comprehensive suite of products and services. Over the past decade, Acrisure has witnessed remarkable growth, with its revenue growing from $38 million to over $4 billion, and its global workforce expanding to over 16,000 colleagues across 21 countries. https://www.acrisure.com