New consolidated accounts show that revenues at Chill Insurance Ltd increased by 14pc, from €36.2m to €41.16m, in the 12 months to the end of April last year.
Numbers employed by the group decreased from 217 to 211 as staff costs remained at €10.9m.
The pre-tax profits of €10.89m followed pre-tax profits of €9.14m in the prior year. The firm paid out a dividend of €2.57m.
Chill is an online insurance intermediary based in Sandyford, Dublin 18, and the business works closely with leading insurance providers on home, life, travel and car insurance.
The business was established in 2007 by brothers Pádraig and Séamus Lynch and has subsequently grown into the largest independent personal-lines insurance broker here, tripling in size since 2011.
In 2020, UK private equity firm Livingbridge agreed to buy a majority stake in Chill Insurance in a deal that left the Lynch brothers with a minority stake of about 30pc.
Prior to the sale, industry sources had put a value of as much as €100m on the business in 2020.
The profits last year take account of combined non-cash amortisation and depreciation costs of €4.86m made up of amortisation costs of €4.7m and depreciation costs of €159,387.
Pay to directors totalled €183,179, which was a slight increase on the €181,287 paid out in the previous year. Rent and lease costs declined to €967,090.
Cash funds increased from €15.55m to €21.77m in 2025
Chill Insurance generated cash of €11.82m from operating activities while it continued to invest, spending €3.03m on the purchase of intangible fixed assets. This followed spending of €7.48m under the same heading in 2024.
At the end of April 2025, the group had shareholder funds of €33.2m, which included accumulated profits of €23.8m.
Cash funds increased from €15.55m to €21.77m in 2025.
Looking to the future, the directors say that “developments at the parent company will be in line with the Three Rock Group Strategy”.
This strategy is based on “providing a multi-product consumer offering, and it is intended that the company will expand its customer base and grow market share in personal lines insurance and other consumer products”.
The group recorded a post-tax profit of €10.52m last year.
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