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)
374 (est)+14%
Website
novae.com
Novae Group was founded in 1986 and is headquartered in London, GB
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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
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Novae Group Financials and Metrics

Novae Group Financials

Novae Group's revenue was reported to be £677.80 m in FY, 2016 which is a 14.8% increase from the previous period.
GBP

Revenue (FY, 2016)

677.8 m

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

14.8%

Net income (FY, 2016)

21.6 m

Market capitalization (2-Oct-2017)

452.7 m

Closing share price (2-Oct-2017)

7.1

Cash (31-Dec-2016)

142.7 m

EV

391.4 m
Novae Group's current market capitalization is £452.7 m.
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

302.6 m310.2 m335.7 m457.4 m556 m544.8 m513.8 m498.4 m590.4 m677.8 m

Revenue growth, %

(3%)18%15%

Pre tax profit

41 m40.2 m4.2 m35.1 m(6.3 m)39.9 m42.8 m62.6 m52.4 m23.7 m

Income tax expense

(8.3 m)(3.1 m)(11.2 m)(12.4 m)(3.6 m)(2.1 m)
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

367 m622.5 m296.7 m415.2 m192.8 m221.5 m146.3 m202.2 m137.1 m142.7 m

Accounts Receivable

594.6 m566 m590.8 m652.2 m602.8 m604.6 m618 m657.3 m782.5 m

Current Assets

1.5 b1.7 b1.6 b1.7 b1.8 b1.8 b1.8 b1.9 b2 b2.4 b

PP&E

800 k1.1 m1.1 m1.5 m1 m900 k800 k900 k9.3 m10.7 m
GBPFY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

32.7 m37.1 m26.4 m24.6 m(7.4 m)27.7 m31.6 m50.2 m48.8 m21.6 m

Cash From Operating Activities

56.5 m24.9 m76.9 m78.8 m43.8 m50.8 m63.8 m78.7 m85.6 m

Dividends Paid

7.2 m10.5 m8.2 m10.8 m11.8 m12.8 m27.5 m29.1 m32.1 m

Cash From Financing Activities

(40.3 m)(41.9 m)(17.3 m)(59 m)(22.5 m)(35.1 m)(40.9 m)(54.2 m)(55.2 m)
GBPY, 2016

EV/CFO

4.6 x

Debt/Equity

0.3 x

Financial Leverage

7.4 x
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