Personal Group celebrates a major technological milestone with an 11% dividend increase, marking a successful customer transition to its digital platform.
- 40% of clients have transitioned to the Hapi 2.0 platform, with full migration anticipated by year-end, enabling further growth.
- The firm has posted a 14% revenue increase to £21m in the first half of the year.
- Annual recurring revenues from the benefits platform saw a 15% rise, highlighting its robust performance.
- CEO Paula Constant indicates potential future acquisitions to bolster digital capabilities.
Personal Group has achieved a significant technological milestone by increasing its dividend by 11% following the successful migration of customers to its new digital benefits platform, Hapi 2.0. This marks a substantial step for the insurance and employee benefits company as it transitions its client base to a more advanced system.
As of now, 40% of customers have successfully migrated to the Hapi 2.0 platform. The company anticipates a complete transition by the end of the year, which is expected to pave the way for additional growth opportunities as the upgraded system positions the firm favourably in the market.
The company’s financial performance has reflected this positive momentum, with a 14% increase in revenue amounting to £21m over the first six months of the year. This uplift demonstrates the strong demand and effective roll-out of the new platform.
Moreover, Personal Group’s annual recurring revenues from its benefits platform have risen by a noteworthy 15%. This points to a significant enhancement in the firm’s service offerings and client satisfaction, which is crucial for sustaining long-term growth.
CEO Paula Constant emphasised the platform’s adaptability, attributing its development to modular tiers that meet specific client needs and facilitate scalability. She stated, “We are not a Sellotape and string version of a benefits platform and this new upgrade will help us scale our growth.” She also hinted at potential acquisitions, noting the company is exploring integrations to expand its digital capabilities further.
Personal Group is positioned for growth and strategic development following the successful platform migration and subsequent financial gains.
