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.
London, GB
Size (employees)
330 (est)
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 Data and Metrics

Novae Group Financial Metrics

Novae Group's revenue was reported to be £590.4 m in FY, 2015 which is a 18% increase from the previous period.
Numbers are in £, GBP

Revenue (FY, 2015)

590.4 m

Revenue growth (FY, 2014 - FY, 2015), %


Net income (FY, 2015)

51.5 m

Market capitalization (25-May-2017)

352.6 m

Closing share price (25-May-2017)


Cash (31-Dec-2015)

137.1 m
Novae Group's current market capitalization is £352.6 m.
Numbers are in £, GBPFY, 2013FY, 2014FY, 2015


513.8 m498.4 m590.4 m

Revenue growth, %


Pre tax profit

42.8 m62.6 m55.4 m

Net Income

31.6 m50.2 m51.5 m
Numbers are in £, GBPFY, 2013FY, 2014FY, 2015


146.3 m202.2 m137.1 m

Accounts Receivable

604.6 m618 m657.3 m

Current Assets

1.8 b1.9 b1.9 b


111.7 m119.6 m152.1 m


4.4 m3.6 m3.1 m

Total Assets

1.9 b2 b2.1 b

Accounts Payable

1.5 b1.5 b1.6 b

Current Liabilities

1.6 b1.7 b1.7 b

Retained Earnings

18.8 m22.7 m22.4 m

Total Equity

313.3 m336.1 m350.3 m

Financial Leverage

6.2 x5.9 x5.9 x
Numbers are in £, GBPFY, 2013FY, 2014FY, 2015

Cash From Operating Activities

50.8 m63.8 m78.7 m

Cash From Financing Activities

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

Income Taxes Paid

(11.2 m)(12.4 m)(3.9 m)
Numbers are in £, GBPY, 2015


1.8 m

Financial Leverage

5.9 x

Novae Group Market Value History

Novae Group Company Life and Culture

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