AUB Group Lifts Low End of FY27 UNPAT Guidance to $250m

AUB Group (ASX:AUB) used its AGM addresses to raise the lower end of its FY27 Underlying NPAT guidance, which the CEO attributed to a positive start to the year.

FY27 UNPAT is now expected to be in the range of $250m to $265m, with the lower end lifted from $245m. AUB says the midpoint represents approximately 14.6 per cent growth over FY26. In FY26, Underlying Net Profit After Tax increased by 12.2 per cent to $224.6 million and Underlying Earnings Per Share increased by 7.0 per cent to 183.69 cents. The International Division, including a contribution from Prestige following its acquisition in March, grew profit before tax by 19.6%. Profit before tax grew 10% in Australian Broking, 19.9% in BizCover and 8.4% in Agencies, partly offset by weakness in New Zealand, higher funding costs and adverse foreign exchange movements. Since the end of FY26, AUB has announced the acquisition of One Underwriting from Aon, which manages approximately $72 million of GWP, and agreed the sale of claims handling operation Procare.

Both the One Underwriting acquisition and the Procare sale are subject to regulatory approval. The addresses do not state a purchase or sale price, and New Zealand and Strata are named as areas still needing performance to be addressed.