AUB Group Limited is an ASX200 listed group comprising insurance brokers and underwriting agencies operating in ~450 locations across Australia and New Zealand. Over 3,000 team members work with our 700,000 clients to place more than $3.6bn in insurance premiums with local and foreign insurers.
AUB Group owns equity stakes in our partner businesses, who in turn provide trusted support and guidance to clients relating to physical, people and financial risks. This is backed by services that help our partners operate with less risk, manage their businesses more profitably and ultimately achieve better client outcomes. These services include technical support, a centralised data centre capability, common broking and back office platforms, human resources, risk, compliance and other operational support services.
Our core revenue is largely derived from arranging insurance policies and for other related products and services. The amount of revenue earned is determined by the size of premiums placed, which in turn is affected by premium rates, sums insured and the general level of economic activity. Other revenue sources relate to interest earned on funds held to pay insurers, income from insurance premium funding, fees for services to insurers, and revenue derived from insurers reflecting the quality of the business placed.
*Information is correct as of August 2020, and is updated every August.
Data sources for market sizing and share calculations: APRA Quarterly General Insurance Performance Statistics (March 2020, APRA Intermediated General Insurance Performance Statistics (December 2019), AIMS Broker view (August 2019) and McKinsey & Company (October 2017).
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