"Our full year performance showed solid resilience and further improved compared with FY'20 and also compared with first half of this year".
Thus, as the CCN Group representatives mentioned, due to a partly adjusted business strategy, the CCN Group "has been able to achieve double digit revenue growth over the full year 2021. This is mainly due to the fact that we have been able sign-up new customers and that we focused on diversification, with our new MGA brand Astrea".
CCN Group full year performance amounted to an overall +15% growth percent, mainly driven by the Workers Compensation/Accident business segment, which saw an eminent +34% growth compared with the full year of 2020.
In Automotive business segment, CCN Group performance improved in the second half of 2021, reducing the negative performance with 9%.
Operating, performance from Transport/Logistic business segment showed strong recovery due to positive economic circumstances and reduced by 7%.
The Travel business segment is still impacted due to continued travel restriction measures, imposed by most countries worldwide, but the performance improved by 14%.
The property & casualty business showed strong improvements with an overall +13% growth.
The good results of 2021 have encouraged optimistic expectations also for 2022. "The forecast for 2022 won't be any less challenging, but the performance during the full year of 2021 makes us confident that we will see a stable and solid performance also for 2022," said Cees WERFF, Chief Executive Officer of CCN Group.
3434 views
