Interim Management Statement (1757C)
April 26 2012 - 10:53AM
UK Regulatory
TIDMJLT
RNS Number : 1757C
Jardine Lloyd Thompson Group PLC
26 April 2012
RNS REPLACEMENT
This replaces the version released at 10:59am under RNS No.
1343C.
This is being re-released to correct the spelling of the name of
FBD Insurance Brokers Ireland.
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.
Performance
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 FBD Insurance
Brokers Ireland made in the second half of 2011 are performing
well, in line with our expectations.
Financial Position
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.
Outlook
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.
Enquiries:
Paul Dransfield
Corporate Communications
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.
www.jltgroup.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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