Cincinnati Global Underwriting Agency Limited
Registered name: CINCINNATI GLOBAL UNDERWRITING AGENCY LIMITED
Part of Cincinnati Financial Corporation groupCincinnati Global Underwriting Agency Limited made £17.2m revenue and £5.7m profit in the year to 31 Dec 2025.
Cincinnati Global Underwriting Agency Limited’s revenue fell 18% to £17.2m in the year to 31 Dec 2025, with £5.7m profit and 103 employees. The company is classified under “non-life insurance” and is based in London; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- London, London
- Age
- 26 yrs · since 2000
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “Cincinnati”
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2024 | 31 Dec 2025 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £20.9m | £17.2m |
| Operating profit | £7.9m | £5.9m |
| Profit before tax | £8.1m | £6.1m |
| Profit after tax | £8m | £5.7m |
| Profit (best available) | £8m | £5.7m |
| Staff costs | £12.3m | £10.3m |
| Employees (average) | 94 | 103 |
| Ratios | ||
| Profit margin | 38.1% | 33.4% |
| Revenue per employee | £222k | £167k |
| Profit per employee | £84.7k | £55.8k |
| Growth (year on year) | ||
| Revenue growth | — | ▼17.7% |
| Profit growth | — | ▼27.9% |
| Headcount growth | — | ▲9.6% |
| Balance sheet — indirect signals, not revenue | ||
| Net assets | £37.6m | £43.3m |
| Fixed assets | £293k | £4.1m |
| Current assets | £33.8m | £38.9m |
| Debtors | £34.6m | £45.2m |
| Deferred income | £897k | £941k |
| Source | FullAccounts · bulk data Sep 2026 | FullAccounts · bulk data Sep 2026 |
How the business works
- Profit margin
- 33.4%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £167k
- Revenue ÷ average employees.
- Profit per employee
- £55.8k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 23.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 5.5%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 262.7%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲15%
- Now £43.3m
- Cash at bank
- —
- Now —
- Headcount
- ▲10%
- Now 103
- Deferred income
- ▲5%
- Now £941k
- Fixed assets
- ▲1286%
- Now £4.1m
Group structure
Ownership chain
- Cincinnati Financial Corporation (registered outside the UK register)ultimate parent75–100%
- Cincinnati Global Underwriting Limited75–100%
- Cincinnati Global Underwriting Agency Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (2)
- Cincinnati Global Dedicated No 2 LimitedRev. — · Profit £40.5m
- Cincinnati Global Underwriting Services LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2025 (profit £5.7m), from the Companies House accounts bulk data published Sep 2026. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.