Australia-based insurance group AUB Group Ltd reported a 12.2% year-over-year increase in underlying net profit after tax to AUD 224.6 million for the fiscal year ended June 30, 2026. Revenue rose 6.4% to approximately AUD 1.6 billion, driven by organic growth and acquisitions.
Underlying earnings per share reached 183.69 cents, up 7% from the prior year, though diluted by shares issued for the Prestige acquisition. The group’s EBIT margin expanded by 140 basis points to 36.1%, marking a 920 basis point improvement since FY 2019. Dividends were increased for the third consecutive year, with a full-year payout of AUD 0.98 per share, yielding 3.62%.
Operating cash and undrawn debt totaled AUD 330.5 million at period-end, while the leverage ratio declined to 2.30 times from 2.49 times at mid-year. Organic growth contributed AUD 21.6 million to profit, acquisitions added AUD 17.3 million, and foreign exchange and higher funding costs weighed AUD 14.5 million.
Divisionally, Australian Broking revenue grew 6% to AUD 647.8 million, with EBIT up 6.8% to AUD 246.7 million. BizCover’s revenue rose 14%, EBIT climbed 19%, and EBIT margin expanded to 47.8%, supported by a 13.7% increase in active clients to 308,000. The International Division posted the strongest growth, with EBIT up 24.5% and margin improving 410 basis points to 27.6%.
For FY 2027, AUB guided underlying net profit to AUD 245-265 million, implying growth of 9.1% to 18% over FY 2026. The midpoint of AUD 255 million represents 13.5% growth. Organic growth is expected to contribute AUD 15.2-33.2 million, while acquisitions are forecast to add AUD 17.5-19.5 million. Foreign exchange headwinds and higher funding costs are projected to offset part of these gains.
CEO Mike Emmett highlighted AI integration across broking, underwriting, claims, and operations as a key growth lever, while noting strong demand in marine insurance and expected rate hardening in New Zealand. Shares rose 3.4% to AUD 30.07, trading 25.4% below the 52-week high and 36.1% above the low.
