AUB full-year profit jumps 31% with higher client fees, lifts dividend
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The news: Insurance broker and underwriting firm AUB Group posted a 31% bump in full-year profit as average commission and fee income per client jumped 9.2% year over year.
The numbers: AUB's recorded net profit rose from $137.1 million in FY24 to $180.1 million in FY25, coming in above consensus estimates of $134.2 million, according to Visible Alpha data.
Underlying net profit was up 17% to $200.2 million, topping FY25 guidance of between $190 million to $200 million. The company has guided underlying net profit of $215 million to $227 million for FY26, which would mark year-on-year growth of 7.4% to 13.4%.
AUB declared full-year dividends of 91 cents per share. This represented a 15.2% improvement on last year's 79 cents per share payout, and was just shy of average forecasts of 92 cents per share.
The context: AUB chief executive and managing director Michael Emmett called FY25 a "pivotal year" for the group. He said the period was marked by "solid financial results, international expansion, and operational progress across all divisions" amid a "complex and evolving environment".
The company also announced today the retirement of non-executive director Cath Rogers after seven years on the board.
