Insurance brokerage and advisory company Jardine Lloyd Thompson reported annual pre-tax profits rose by quarter on the back of increased fees and commissions.

For the 12 months ended December 31, pre-tax profit rose 25% to £233.58m. Revenues rose 5% to £1.45bn.

Trading profit grew 21% year on year, driven by organic revenue growth and the global transformation programme, the company said.

Trading profit increased by 25% in global specialty to £192.7m, 10% in global reinsurance to £45.8m and 8% in global employee benefits to £51.2m.

Fees and commissions rose to £1.44bn for the year, from £1.37bn a year earlier.

At 8:30am: (LON:JLT) Jardine Lloyd Thompson Group PLC share price was +1p at 1907p