Novae Group

The Novae Group delivers insurance and reinsurance underwriting expertise to international and UK provincial markets. Backed by the unique strength and security of the Lloyd's market, Novae underwrites through Lloyd¹s Syndicate 2007. Novae selectively underwrites business classes including financial institutions, professional indemnity, management liability, direct liability, UK international and direct property and property reinsurance, international casualty, aviation reinsurance, marine liability, hull, cargo and war, energy, fine art and specie, credit and political risk, terrorism and medical malpractice.
Type
Public
HQ
London, GB
Founded
1986
Size (employees)
330 (est)
Website
novae.com
Novae Group was founded in 1986 and is headquartered in London, GB

Novae Group Office Locations

Novae Group has offices in London, Zürich and Hamilton
London, GB (HQ)
21 Lombard St
Hamilton, BM
Maxwell Roberts building, 5th Floor Church Street 1 HM 11
Zürich, CH
19 Beethovenstrasse

Novae Group Financials and Metrics

Novae Group Financials

Novae Group's revenue was reported to be £677.8 m in FY, 2016 which is a 15% increase from the previous period.
GBP

Revenue (FY, 2016)

677.8 m

Revenue growth (FY, 2015 - FY, 2016), %

15%

Net income (FY, 2016)

21.6 m

Market capitalization (02-Oct-2017)

452.7 m

Closing share price (02-Oct-2017)

7.1

Cash (31-Dec-2016)

142.7 m
Novae Group's current market capitalization is £452.7 m.
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

513.8 m498.4 m590.4 m677.8 m

Revenue growth, %

(3%)18%15%

Pre tax profit

42.8 m62.6 m55.4 m23.7 m

Net Income

31.6 m50.2 m51.5 m21.6 m
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Cash

146.3 m202.2 m137.1 m142.7 m

Accounts Receivable

604.6 m618 m657.3 m782.5 m

Current Assets

1.8 b1.9 b2 b2.4 b

PP&E

111.7 m119.6 m18.8 m16.9 m
GBPFY, 2013FY, 2014FY, 2015FY, 2016

Cash From Operating Activities

50.8 m63.8 m78.7 m85.6 m

Cash From Financing Activities

(35.1 m)(40.9 m)(54.2 m)(55.2 m)

Income Taxes Paid

(11.2 m)(12.4 m)(3.6 m)(2.1 m)
Y, 2016

Financial Leverage

7.4 x
Show all financial metrics

Novae Group Market Value History

Novae Group's Web-traffic and Trends

Novae Group Company Life and Culture

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