Australian insurance brokerage AUB Group announced its first half financial year 2026 results, in which the international division, including Tysers, reported a pre-tax basic net profit of A$39.4 million, an increase of 29% from A$30.5 million in the same period last year.
AUB Group acquired Tysers from Odyssey Investment Partners in September 2022, with FY24 marking the first full year of ownership.
The company said the international division delivered solid growth, supported by early momentum from its new seed business and recent acquisitions.
These include AUB’s recently announced acquisition of a majority stake in Prestige Insurance. AUB revealed in its results that Prestige will become the main brand for its UK retail stockbroking business and that the existing Tysers UK Retail team will be separated and transferred to Prestige.
AUB noted that the merger of Prestige and Tysers UK Retail creates a pan-UK platform, enabling further bolt-on acquisitions to target geographical gaps in the north of England and Scotland.
Underlying profit before tax (PBT) in the international division increased by 29% compared with the first half of 2025, and margins also expanded by 510 basis points to 20.7%.
Overall, AUB Group’s financial performance in the first half of 2026 was strong, with underlying net profit after tax of A$90.4 million, an increase of 13.9% from A$79.3 million in the first half of 2025, and profit margins expanding 190 basis points to 33.9%.
Total revenue increased by 6.6% to A$759.5 million, with most divisions achieving growth, including a 5.3% increase in the international division to A$215.5 million.
Underlying earnings per share rose 13.9% to 77.54 cents from 68.07 cents, and dividends per share rose 8% to 27.0 cents from 25.0 cents.
AUB’s underlying net profit after tax guidance range for FY26 has been revised upward to A$220 million to A$230 million, which includes Prestige (assuming settlement no later than 1 May 2026), as well as upgrades to AUB 360 and Pacific Indemnity, representing growth of 9.9% to 14.9% over FY25.
AUB Group CEO and Managing Director Michael Emmett said: “The Group delivered another strong profit performance in the first half of 2026, with strong earnings growth across most divisions. This was despite a disappointing performance in New Zealand and adverse currency headwinds from the continued weakness of the US dollar. I would like to thank our teams, member businesses and insurance partners for their commitment and execution. Most importantly, I thank our clients for their trust and their reliance on us for advice on their insurance needs.”
AUB also announced the appointment of Nick Dryden as Chief Financial Officer (CFO), effective February 24, 2026.
Dryden joined AUB as deputy chief financial officer in June 2023 and was named interim chief financial officer on September 16, 2025.
Emmett added: “Since joining AUB, Nick has played a key role in overseeing the group finance function and leading the preparation for the successful completion of financial close and results for FY25 and 1H26. I would like to congratulate Nick on his appointment and look forward to continuing to work with him to deliver our future growth strategy.”
