RNS Number : 1343C
Jardine Lloyd Thompson Group PLC
26 April 2012
26(th) April 2012
Jardine Lloyd Thompson Group plc
Interim Management Statement
Jardine Lloyd Thompson Group plc ("JLT") is holding its Annual General Meeting at 12 noon today where the following comments will be made regarding current trading, financial performance and the outlook for the financial year. This statement covers the period from 1st January to 25(th) April 2012 in accordance with the requirements of the Disclosure and Transparency Rules of the UK Listing Authority.
The Group has made a positive start to the year and the overall trading performance is in line with expectations. Insurance markets continue to be competitive across most sectors although there has been some stabilisation of rates, as well as evidence of hardening in respect of certain catastrophe related risks.
In Risk & Insurance, encouraging levels of organic growth are being achieved, building on recent investments, with Latin America and Asia continuing to make a strong contribution, together with our growing reinsurance operation.
The Employee Benefits business continues to make progress particularly in the development of its international footprint.
The acquisitions of Alta SA in Chile and of FDB Insurance Brokers Ireland made in the second half of 2011 are performing well, in line with our expectations.
JLT's financial position remains strong.
There have been no material events or transactions during the period and there have been no significant changes in the financial position of the Company since the publication of the Annual Report for the year ended 31(st) December 2011.
The overall trading performance of the Group in the period is in line with expectations and notwithstanding the continuing uncertain global economic outlook JLT remains well placed to make financial progress in 2012.
Jardine Lloyd Thompson Group 020 7528 4933
Tom Burns / Dania Saidam
Brunswick Group LLP 020 7404 5959
The Interim Management Statement may contain forward-looking statements which:
- have been made by the directors in good faith based on the information available to them up to the time of their approval of this statement; and
- should be treated with caution due to inherent uncertainties, which are beyond Jardine Lloyd Thompson Group's ability to control or estimate precisely and include both economic and business risk factors, underlying such forward looking information.
The Interim Management Statement is available on the Company's website at www.jltgroup.com.
The Group's audited financial statements for the year ended 31(st) December 2011 dated 20th March 2012 are available on the Group's website www.jltgroup.com or from the Group Company Secretary, David Hickman, at 6 Crutched Friars London EC3N 2PH.
Jardine Lloyd Thompson Group plc
Jardine Lloyd Thompson Group plc ('JLT') is an international group of risk specialists and employee benefits consultants and one of the largest companies of its type in the world. JLT offers a distinctive choice to clients and partners through its combination of independence, scale and specialism.
JLT is quoted on the London Stock Exchange and employs over 6700 people worldwide and through the JLT International Network provides services in more than 130 countries.
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