Highlights of Miller's results for the year ended 31 December 2024 included group EBITDA margin remaining in excess of 30%, even after investments in teams, technology and capabilities, total gross written premium placed of approximately $4bn and total revenues of £271m ($341.7m), a 13% increase on 2023.
The growth of Miller’s retail specialty business means that it now represents 30% of total revenue.
The company also brought in more than 200 new employees to bring up the total headcount to more than 1,00. The company also introduced new products, capabilities and teams for segments including real estate, transactional risks, marine and specialty reinsurance. Miller opened a new office in Korea and expanded its business in Japan into non-marine lines.
Lastly, it closed GIC’s investment to become majority shareholder in 1Q2024.
“I am particularly pleased that our record result was driven primarily by our organic growth, reflecting our unparalleled focus on building a business with client service at its core,” Miller CEO James Hands said in the media release.