B.P. MARSH & PARTNERS PLC - Annual Results for the year ended 31 January 2026

BP Marsh & Partners PLC delivered another year of strong financial performance in FY2026, reporting a 10.3% increase in net asset value (NAV) to £360.2 million and total shareholder returns of 12.8%, driven by portfolio growth, realised gains, and progressive dividends. The specialist investor in insurance brokers, MGAs, and financial services businesses grew its equity portfolio value by 21.4% to £273.8 million, supported by eight new investments, two successful disposals, and continued momentum across key holdings including Pantheon, XPT, and ATC. The group highlighted strong revenue and EBITDA growth across its portfolio companies, with several businesses delivering significant gross written premium expansion and high internal rates of return. BP Marsh also strengthened its balance sheet flexibility, ending the year with £49.5 million in available capital and an expanding loan book generating attractive yields. Management reiterated its long-term growth strategy focused on backing entrepreneurial management teams, deploying patient capital, and compounding value through minority investments in specialist financial services firms. The company expects further dividend distributions in FY2027 and FY2028, reinforcing its commitment to shareholder returns alongside disciplined capital allocation. BP Marsh also noted a robust investment pipeline, resilient market conditions within specialty insurance, and increasing opportunities linked to AI-enabled operational efficiencies across the portfolio.