PSC Insurance Group’s recent acquisitions have made a solid contribution to the bottom line and have added revenue engines to the business.

Nine acquisitions made last financial year contributed $8.1 million in revenue to the group’s $67.8 million total. Total revenue in 2014/15 was $52.1 million.

“These businesses have made a solid contribution to the group and we are confident they will be valuable additions into the future,” MD Paul Dwyer says in the annual report.

“The existing businesses have continued to grow at a sound level and organic growth continues to be a core focus of the group.”

The acquisitions include John Holman & Sons (UK), Hiscock Insurance Brokers, TA Management and Australian Reliance Perth and Sydney.

PSC’s net profit for the year to June 30 grew to $10.8 million from $8.7 million.

“The board and management remain highly invested in the future of the group and are focused on continuing to grow the business in an efficient manner, and are confident the business will continue to improve over the medium term,” Mr Dwyer says.

PSC listed on the Australian Securities Exchange last December.