How Ethias CEO Philippe Lallemand grew Ethias to $323.6M revenue and 1.2M customers in 2024.
Ethias is an insurance company based in Luik, Belgium. They offer a range of insurance products and services to individuals and businesses. Ethias is known for its commitment to customer satisfaction and its strong financial performance. They have a diverse portfolio of investments and a large customer base. Ethias was founded in XXXX (unknown).
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Ethias Revenue
In 2024, Ethias's revenue reached $323.6M. The company previously reported $208M in 2022. Since its launch in 2009, Ethias has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Ethias Hit $323.6m revenue in October 2024 | |
| 2022 | Ethias Hit $208m revenue in December 2022 | |
| 2019 | Ethias Hit $73.8m revenue in December 2019 | |
| 2018 | Ethias Hit $69m revenue in December 2018 | |
| 2009 | Launched with $0 revenue |
Ethias Valuation, Funding Rounds
Ethias's most recent disclosed valuation is $970.8M.
Ethias is a bootstrapped SaaS startup. Founded in 2009, Ethias has grown to $323.6M in revenue without raising any venture capital or outside funding.
As a self-funded SaaS company, Ethias has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Ethias Employees & Team Size
Ethias employs approximately 1.4K people as of 2026, including 21 sales reps that carry a quota. It serves 1.2M customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 1.4K employees (October 2024) |
| 2023 | Reached 1.4K employees (December 2023) |
| 2021 | Reached 1.2K employees (April 2021) |
Founder / CEO
Philippe Lallemand
I have exercised many managerial functions in connection with the public sector. Each has been characterized by the need to manage crises and transform what already exists. The successes generated testify to my ability to drive this change, to build a team capable of managing it, to pilot it with order and method and in consultation with the various stakeholders.
Q&A
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
See how Ethias acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently Asked Questions about Ethias
What is Ethias's revenue?
Ethias generates $323.6M in revenue.
Who founded Ethias?
Ethias was founded by Philippe Lallemand.
Who is the CEO of Ethias?
The CEO of Ethias is Philippe Lallemand.
How much funding does Ethias have?
Ethias raised $0.
How many employees does Ethias have?
Ethias has 1.4K employees.
Where is Ethias headquarters?
Ethias is headquartered in Liège, Belgium.
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Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .
Data Disclaimer
All figures on this page are GetLatka estimates from public sources and proprietary models. They are not verified by the company.
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