AUB Group, the international network of insurance brokers and underwriting agencies, has announced its 1H25 financial results. “Revenue grew strongly across most parts of the business,” said the investor presentation document.
The Sydney headquartered firm, with operations across Australia, New Zealand and the UK, reported revenue growth of more than 12% or AU$712.6 million. Underlying net profit after tax (NPAT) was AU$79.3 million, up 13%.
“We are making outstanding progress to build a multi-country Insurance Services Group,” said CEO Michael Emmett (main picture, above). “While our individual divisions continue to deliver strong results, our investment in Tysers has already driven a substantial uplift in the value of Retail Broking and Underwriting Agencies.”
Tysers is AUB’s Lloyd’s based wholesale broker.
In Australia, the firm’s broking operations reported AU$302.6 million in revenue representing growth of more than 10%.
The insurtech BizCover, according to the investor presentation, achieved “strong operational execution with accelerating top-line growth and improving margins in all territories.” Revenue grew by 16.5%.
In New Zealand, revenue grew by 18.7% or AU$48.5 million. Two acquisitions and “portfolio bolt-ons” were reported.
“Although we are still in the early stages of replicating our successful Australian model internationally, we now have a diverse set of strategic levers to drive revenue,” said Emmett.
