Key Highlights

  • AUB shares traded up 4.20% to $30.30, adding $1.22 on the day
  • Underlying NPAT climbed to $224.6 million for FY26, up from $200.2 million
  • Reported NPAT fell to $96.0 million from $180.1 million a year earlier
  • Final Dividend of 71.0 cents lifted the full-year payout to 98.0 cents
  • FY27 underlying NPAT guidance set at $245.0 million to $265.0 million

AUB Group Limited (ASX:AUB) shares were trading 4.20% higher at AUD 30.30, up 1.22 on the day, as at 3:12pm AEST on 25 August 2026, after the insurance broking and Underwriting agency network reported record Underlying Profit for FY26. Underlying net profit after tax rose to $224.6 million for the year ended 30 June 2026, from $200.2 million in the prior year, with underlying Earnings Per Share up to 183.69 cents from 171.75 cents. The company operates across roughly 640 locations in 17 countries, with close to 7,000 insurance professionals servicing around 1.6 million clients.

Why Investors Are Buying AUB Shares Today

The rally appears tied to a set of record underlying metrics that outweighed a decline in statutory profit:

  • Underlying NPAT: $224.6 million, up from $200.2 million in FY25
  • Underlying EPS: 183.69 cents, up from 171.75 cents
  • Reported NPAT: $96.0 million, down from $180.1 million, reflecting amortisation, Fair Value adjustments, impairments and acquisition-related costs excluded from the underlying measure
  • Final dividend: 71.0 cents fully franked, up from 66.0 cents
  • Full-year dividend: 98.0 cents, up 7.7 percent on FY25

Divisional Performance Behind the Move

  • Australian Broking: underlying NPBT of $149.1 million, up 10.0 percent, helped by 6.5 percent growth in commission and fee income per client
  • International: underlying NPBT up 19.6 percent to $124.5 million, with EBIT Margin up 410 basis points to 27.6 percent on Tysers' marine and aviation growth and the Prestige acquisition
  • Agencies: underlying NPBT up 8.4 percent to $78.0 million, tempered by strata market weakness
  • New Zealand Broking: down 3.9 percent to $22.3 million in AUD terms on currency headwinds, despite a 2.7 percent rise in NZD terms
  • BizCover: underlying NPBT up 19.9 percent to $22.9 million on organic growth and margin expansion

Balance Sheet and FY27 Guidance

  • Leverage ratio: 2.30 times at 30 June 2026
  • Accessible cash and undrawn facilities: $330.5 million
  • FY27 underlying NPAT guidance: $245.0 million to $265.0 million, implying growth of 9.1 to 18.0 percent
  • Dividend Reinvestment Plan remains suspended

The Bigger Picture

Today's gain reflects the market rewarding AUB's record underlying profit, EPS and dividend, alongside growth across most divisions and the contribution of the Prestige acquisition. The gap to statutory profit, softer New Zealand Broking results and strata-related margin pressure in Agencies are the main offsetting factors investors are weighing against the FY27 growth outlook.