Ardonagh Group adjusted Ebitda surges 20% in 2017

The Ardonagh Group has posted pro-forma adjusted Ebitda growth
of 20.3 percent to £161.5mn ($230mn) for 2017, driven by
advances in the distribution and wholesale divisions.
However, the firm fell to an overall loss of £260.9mn for
the year, up more than five-fold on a year earlier, following an
increase in transformation costs, regulatory costs and a
£84.5mn goodwill impairment relating to the underwriting
business
The results capture the year in which the company was formed
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