• Total revenues of £240 million, a 26% increase on 2022, driven by 19% organic growth and positive contribution from 2022 acquisitions

• Group EBITDA increased 31% on 2022

• Total Gross Written Premium (GWP) placed of c. $4 billion,

• Expanded headcount by 140 during 2023, with total headcount now in excess of 900

• Five new teams launched, including Singapore Treaty, Singapore Financial Lines and Fine Art & Specie

• Continued build out of international footprint with international revenues increasing by 44%, including significant Asia expansion, doubling headcount since 2021

• Launch of sister entity, Casper Specialty UK Limited, a casualty focused MGA, in March 2023

• Continued expansion of retail business, now representing c.26% of total revenues, with significant growth in the Special Risks business unit

• Agreement announced in December 2023 for GIC to acquire Cinven’s shares in Miller, securing Miller’s position as the independent specialist broker of choice

James Hands, CEO, Miller commented: “Miller delivered another year of outstanding performance in 2023, growing our revenues by 26% and expanding our headcount by 140 across our UK and International business. This performance was primarily driven by organic growth, while we were also pleased to maintain our strong operating margin despite the significant investments we are making into our business. Together, these factors demonstrate the sustainability of both our model and the trajectory we are on.

We are more passionate than ever in our belief that our combination of independence, specialism and international scale makes Miller a uniquely attractive proposition for clients and talent. 2023 saw us launch five new teams across Asia, Europe, Bermuda and the UK, as well as growing our headcount to over 900.

Our strategic realignment into two divisions, Miller UK and Miller International, has brought renewed focus to our expansion in Asia, Europe and Bermuda. In particular, we are establishing an increasingly meaningful market share in Singapore. Elsewhere, Casper Specialty has progressed well in its first year of trading. Collectively, these developments are making us a more diverse business able to bring a broader range of solutions to clients, while retaining our core reputation for expertise and service.

The year also saw the announcement that GIC would acquire Cinven’s shares in Miller to become our majority shareholder. This is a powerful statement of confidence in our achievements since returning to independence in 2021 and the hugely ambitious growth strategy we have set out.

Looking forward, we are focused on maintaining the momentum we have and continuing to execute against our objectives. This includes adding further new talent, as well as exploring M&A opportunities that complement our existing footprint. We know our stable long-term ownership and independence are essential differentiators, and the team at Miller remains as excited as ever about what we can achieve.”