Manchester-based digital MGA Ripe grew revenue by £4.3 million to £24.9 million in the year to Dec. 31, 2025, up from £20.6 million in 2024, marking its 18th consecutive year of double-digit growth.
The MGA, which trades across more than 20 SME, leisure and lifestyle products, grew its policyholder base by 15% during the year to reach 430,000 customers.
Ripe completed two acquisitions in 2025. In April, it finalised its purchase of boat insurer GJW Direct from Munich Re Specialty, a deal first announced in October 2024. GJW Direct, founded in 1826, joins Ripe's existing marine brands Insure4Boats and Craftinsure and has completed its first full year on Juice, Ripe's proprietary technology platform.
In December, Ripe entered the holiday home insurance market by acquiring Schofields Insurance, a family-run, Bolton-based specialist established in 1984 with more than 10,000 policyholders and a Gold Trusted Service Award from Feefo.
The Schofields team is expected to migrate onto Juice in the coming weeks. The deal comes as Budget 2025's new council tax surcharge on properties valued above £2 million reshapes how affluent and second-home owners weigh up ownership costs and cover.
Ripe's numbers stand out against a UK MGA sector that appears to be losing momentum after years of rapid expansion.
Insurance DataLab's MGA Performance Report 2026 found the sector entering a more mature phase, with softer conditions, rising competition and margin pressure making profitable growth harder to achieve. The average MGA Rating slipped to 51.0%, down from 52.9% the previous year, even as revenue per employee rose 12.2% to more than £203,000.
Against that backdrop, Ripe's continued double-digit growth, and its ability to complete two acquisitions in a single year, marks it out from a market where consolidation is increasingly concentrated among fewer, better-capitalised players.
The growth also comes as the FCA sharpens its focus on delegated authority.
The regulator expanded its oversight review of MGA and coverholder governance and remuneration from Q2 2026, with findings due in early 2027, centred on claims handling and consumer outcomes under the Consumer Duty. Insurers cannot delegate away accountability for outcomes even where underwriting and claims sit with an MGA, so capacity providers are increasingly asking for audited claims-handling data as a condition of renewal, not just good practice.
How cleanly Ripe integrates GJW Direct and Schofields onto a single governed platform is likely to matter to insurer partners as much as the topline figures.
Ripe's ChatGPT app for its Cycleplan product, which offers instant, bindable quotes through conversational AI, arrives as the FCA reconsiders where the advice boundary sits for this kind of non-advised sales journey.
On June 29, 2026, the FCA published Consultation Paper CP26/22 on the scope of insurance rules, disclosure and advice, with responses due by September 4, 2026.
Among its proposals is removing the category of "advice" that falls short of a personal recommendation, creating a clearer line between advised and non-advised sales. Ripe also launched Sports Club, Leisure & Community insurance during the year, extending cover to leisure organisations across the UK.
Rob Styring, chief financial officer at Ripe, said: “We delivered another year of strong, profitable growth in 2025, with revenue increasing to nearly £25 million and margins maintained through a continued focus on efficiency. This performance reflects the strength of our digital, data-led model, disciplined underwriting and a relentless focus on cost efficiency."
With capacity providers scrutinising delegated authority governance and the FCA rewriting the rules on AI-enabled sales, Ripe's ability to sustain growth while integrating acquisitions onto one platform will be a test of how digitally led MGAs manage both pressures at once.
“We entered 2026 with strong momentum, forecasting continued growth in line with recent years, further supported by a healthy pipeline of acquisition opportunities," Styring said.
