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Charles Taylor PLC

Charles Taylor - Capital Network: Full Year Results

Charles Taylor (CTR.LON) is a global provider of professional services to clients across the insurance sector.  In addition to providing the traditional services of insurance management, loss adjusting and claims services, it is at the forefront of exciting new developments in “insurtech”.  Charles Taylor (CTR.LON) has three main professional services’ segments, which provide a good mix of 1) steady earnings stream from decades old relationships, 2) potential for pick-up in earnings as and when complex loss adjusting activity in the insurance sector “normalises” and management action to improve margins takes effect, and 3) exposure to growth areas through Charles Taylor InsureTech (CTR.LON), its new insurance technology business, and the turn-key management of Lloyd’s syndicates, the development of medical claims and assistance services and the expansion of outsourced service provision. The group being a service company means there are none of the usual material risks associated with a traditional insurance company.

Executive summary

Charles Taylor also owns and runs closed life companies. However, these are essentially closed funds where the group only manages unit linked assets, and any small traditional insurance risk (e.g. life cover) is reinsured out.  In line with its other offerings, it is effectively an administrative and management role.  The business is based in the Isle of Man and looks to make acquisitions in Non-EU countries opportunistically.  The business has made five life acquisitions in the last five years, the latest being from Zurich International, which was announced in late 2016 and is due to complete towards the end of H1 2017

Quick facts: Charles Taylor PLC

Price: £2.18

Market: LSE
Market Cap: £169.85 m
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Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

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