Adelaïde Group continues its dynamic growth and further strengthens its presence across Europe

With a turnover of €450 million in 2024 – up 12.5% – Adelaïde Group has reached a new milestone in delivering its strategic plan, Better Future 28, which aims to position the company as Europe’s leading independent, family-owned insurance brokerage group. The Group reaffirms its ambition to achieve €800 million in revenue by 2028.

Solid performance and sustainable growth momentumDuring the annual results presentation, Benjamin Verlingue, CEO of Adelaïde Group, joined by Deputy CEOs Audrey Verlingue and Gilles Bénéplanc, highlighted the strength of the Group’s business model, built on solid organic growth (+10%) and a targeted acquisition strategy.“The 2024 results confirm the relevance of our strategy and the strength of our independent, family-owned model. The Better Future 28 strategic plan, launched just nine months ago, reflects our shared ambition: to become a European leader in insurance broking, while staying true to our core values of excellence, proximity, and innovation in service of our clients,” stated Benjamin Verlingue. 2024: a year of strategic acquisitionsAdelaïde Group strengthened its strategic footprint in the European insurance broking market with four acquisitions, reflecting its ambition to broaden its expertise and expand its geographic reach:- DUNE (France): This MGA (Managing General Agent), specialising in construction insurance, enables the Group to expand its capabilities in insurance distribution.- ProConseils Solutions (French-speaking Switzerland): The first Verlingue office in this region marks a significant step forward in a key market.- MBB and Brixia Broker (Italy): Two insurance brokerage acquisitions that strengthen the territorial coverage of Inser, Verlingue’s Italian subsidiary.“These acquisitions demonstrate our proactive approach to external growth. They allow us not only to diversify our offering, but also to reinforce our European presence while maintaining our industrial and long-term approach,” explained Audrey Verlingue. 2024 highlights: a year of growth and transformation across the GroupIn 2024, Adelaïde Group sustained its growth momentum with solid results and strategic investments across its business units:- Verlingue reported revenue of €314 million, up 10%. The year was marked by strong commercial performance and major investments in IT systems, enhancing its competitiveness and client support capabilities. With steady expansion in France and across Europe—particularly via acquisitions in Italy and Switzerland—Verlingue consolidated its position in the brokerage market. International operations accounted for 37% of Verlingue’s revenue in 2024. Notably, Vincent Harel has been appointed CEO of Verlingue and will take office on 28 April 2025.- Génération, which specialises in managing health and protection insurance schemes, recorded strong growth of +18%, reaching €121 million in revenue. Its portfolio now covers 2.6 million individuals for health cover and 1.2 million for life and disability, reinforcing its leading role in France’s complementary social protection market, both for individual and group policies.- Cocoon, the Group’s subsidiary focused on individual health insurance, continued its portfolio restructuring by optimising digital channels, improving customer experience, and supporting profitable growth. It generated €13 million in revenue. In 2024, Cocoon expanded its activities in the “Group leavers” segment, signing 12,000 new contracts.DUNE, acquired in 2024 and specialising in construction insurance, is aiming to become a key player in the underwriting market. It has already underwritten €10 million in premiums through a network of 650 brokers, showcasing its strong strategic potential and the added value it brings to the Group’s offering. Looking aheadGilles Bénéplanc, Deputy CEO of Adelaïde Group, commented:“In 2024, we successfully combined performance with transformation by making strategic investments across our operations, particularly in digital and data. 2025 will be a pivotal year to accelerate this momentum. We will continue to invest in operational efficiency, pursue new acquisitions, and innovate in order to meet our objectives and strengthen our position across Europe.”