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CPP Group at a glance

CPPGroup Plc is an AIM-listed assistance company that creates and delivers innovative, revenue-adding products for our clients, and makes bad days better for millions of consumers globally.

We operate across three core businesses; Blink Parametric (a global InsurTech business based in Ireland), CPP India and CPP Turkey.

Our parametric platform, customisable product range, insurance partnerships, servicing capabilities and distribution expertise combine to enhance customer experiences, remove complexity, reduce costs and deliver added profit and revenue for our clients. Through this we create and share value with our stakeholders.

Full year 2023 performance highlights

We’re pleased to report another strong performance that demonstrates the resilience of the CPP business and supports our future ambitions.

£ 193.0 m

FY revenue (+14%)

£ 4.8 m

FY EBITDA (-30%)

£ 15.3 m

Net Funds (-6%)

+ 10 m

Customers

*2023 full year results (figures in brackets represent year-on-year change)

For more detail on our full year results visit our 2023 Annual Report and Accounts

Our potential

InsurTech focus

Blink, the Group’s parametric InsurTech business, continues to progress well, contracting with seven new blue-chip insurance clients. The business provides an opportunity for rapid medium-term value creation.

Businesses in growth markets

We have established, well managed businesses in India and Turkey which have been growing rapidly. India is an exciting market, with a growing middle-class and strong GDP growth which will fuel our addressable market.

Partnerships with leading global businesses

We create products that bring our clients ancillary revenue streams, profit and enhanced customer loyalty; as well as delivering highly valued services to their customers.

Simple model, sustainable growth from a lower cost base

A simplified structure focused on three core growth businesses (Blink, India and Turkey). Non-core investments are being exited along with withdrawal from Legacy operations. These actions will improve sustainability, lower the cost of delivery, and benefit margins.

Resources to transform the business

A robust cash position, along with expected future cash flows from growth in our Core operations and the realisation of value in non-core investments provide the Group with sufficient resources to complete the CMP, as well as fund investment in Blink.

Our strategy

We’ll migrate away from our declining Legacy operations to a global InsurTech business, led by Blink Parametric and supported by CPP India and CPP Turkey. This will see us create a simpler business, with all units contributing to growth and improving returns for shareholders.

Learn about our strategy