Australian insurance broker AUB Group has posted its results for the first half of financial year 2026, with its international division, which includes Tysers, reporting an underlying net profit before tax of AUD 39.4 million, up 29% from AUD 30.5 million in the same period a year earlier.
AUB Group acquired Tysers from Odyssey Investment Partners in September of 2022, with FY’24 marking the first full year of ownership.
According to the firm, the international division achieved solid growth, supported by early momentum in newly seeded businesses and more recent acquisitions.
This includes AUB’s recently announced acquisition of a majority stake in Prestige Insurance. In its results, AUB revealed that Prestige will become the primary brand for its UK retail equity brokerages, and it will separate existing Tysers UK Retail teams and transfer them to Prestige.
AUB noted that the combination of Prestige and Tysers UK Retail creates a pan-UK platform, enabling further bolt-on M&A to target geographical gaps in Northern England and Scotland.
The international division also delivered underlying PBT growth of 29% compared with H1’25, alongside margin expansion of 510bps to 20.7%.
Overall, AUB Group delivered a strong financial performance in 1HFY26, reporting underlying net profit after tax of AUD 90.4 million, up 13.9% from AUD 79.3 million in 1HFY25, with margin expansion of 190bps to 33.9%.
Total revenue increased 6.6% to AUD 759.5 million, with growth across most divisions, including 5.3% in the international division to AUD 215.5 million.
Underlying earnings per share rose 13.9% to 77.54 cents from 68.07 cents, while dividend per share increased 8% to 27.0 cents from 25.0 cents.
AUB’s underlying net profit after tax guidance range for FY26 has been upgraded to AUD 220 million–AUD 230 million to include Prestige (assumed to settle no later than 1st May 2026), and step-ups in AUB 360 and Pacific Indemnity, representing growth of 9.9%–14.9% over FY’25.
Michael Emmett, CEO and Managing Director of AUB Group, said, “The Group delivered another strong profit result in 1H26, with robust earnings growth in most Divisions. This was despite a disappointing performance in New Zealand and unfavourable currency headwinds from continued weakening of the US Dollar. I would like to thank our teams, member businesses and insurer partners for their commitment and execution. Above all, I thank our customers for their trust and their reliance on our advice for their insurance needs.”
AUB has also announced the appointment of Nick Dryden as Chief Financial Officer (CFO), effective 24th February 2026.
Dryden joined AUB as Deputy CFO in June 2023, and was appointed Interim CFO on 16th September 2025.
Emmett added, “Since joining AUB, Nick has played a key role in overseeing the Group’s finance function and leading the successful completion of the FY25 and 1H26 financial close and results preparation. I would like to congratulate Nick on his appointment, and look forward to continuing working with him to deliver our future growth strategies.”
