Steadfast Group Management

Management criteria checks 3/4

Steadfast Group's CEO is Robert Kelly, appointed in Apr 1996, has a tenure of 28.58 years. total yearly compensation is A$4.37M, comprised of 29.8% salary and 70.2% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth A$19.81M. The average tenure of the management team and the board of directors is 1.7 years and 6.4 years respectively.

Key information

Robert Kelly

Chief executive officer

AU$4.4m

Total compensation

CEO salary percentage	29.8%
CEO tenure	28.6yrs
CEO ownership	0.3%
Management average tenure	1.7yrs
Board average tenure	6.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Robert Kelly's remuneration changed compared to Steadfast Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2024	AU$4m	AU$1m	AU$228m
Mar 31 2024	n/a	n/a	AU$216m
Dec 31 2023	n/a	n/a	AU$205m
Sep 30 2023	n/a	n/a	AU$197m
Jun 30 2023	AU$5m	AU$1m	AU$189m
Mar 31 2023	n/a	n/a	AU$170m
Dec 31 2022	n/a	n/a	AU$151m
Sep 30 2022	n/a	n/a	AU$162m
Jun 30 2022	AU$5m	AU$1m	AU$172m
Mar 31 2022	n/a	n/a	AU$173m
Dec 31 2021	n/a	n/a	AU$175m
Sep 30 2021	n/a	n/a	AU$159m
Jun 30 2021	AU$4m	AU$1m	AU$143m
Mar 31 2021	n/a	n/a	AU$117m
Dec 31 2020	n/a	n/a	AU$90m
Sep 30 2020	n/a	n/a	AU$17m
Jun 30 2020	AU$4m	AU$1m	-AU$55m
Mar 31 2020	n/a	n/a	-AU$32m
Dec 31 2019	n/a	n/a	-AU$9m
Sep 30 2019	n/a	n/a	AU$48m
Jun 30 2019	AU$4m	AU$982k	AU$104m
Mar 31 2019	n/a	n/a	AU$93m
Dec 31 2018	n/a	n/a	AU$83m
Sep 30 2018	n/a	n/a	AU$79m
Jun 30 2018	AU$3m	AU$974k	AU$76m

Compensation vs Market: Robert's total compensation ($USD2.84M) is about average for companies of similar size in the Australian market ($USD2.20M).

Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.

CEO

Robert Kelly (77 yo)

28.6yrs

Tenure

AU$4,370,646

Compensation

Mr. Robert Bernard Kelly, AM, Co-Founded Steadfast Group Limited and has been its Chief Executive Officer and Managing Director since April 18, 1996. Mr. Kelly has experience in the insurance industry. He...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Kelly	Co-Founder	28.6yrs	AU$4.37m	0.32% A$ 19.8m
Stephen Humphrys	Chief Financial Officer	11.8yrs	AU$2.09m	0.062% A$ 3.9m
Nigel Fitzgerald	Chief Operating Officer	1.6yrs	AU$2.97m	0.012% A$ 777.6k
Samantha Hollman	Chief Executive Officer of Steadfast International	1.7yrs	AU$1.61m	0.040% A$ 2.5m
Shalome Ruiter	Executive General Manager of Investor Relations & ESG	1.4yrs	no data	no data
Duncan A. Ramsay	General Counsel & Company Secretary	9.3yrs	no data	no data
Sheila Baker	Executive General Manager of Compliance & Customer Experience	4.1yrs	no data	no data
Ferzana Yale	Executive General Manager of People	less than a year	no data	no data
Nick McKee	Chief Operating Officer of International	1.1yrs	no data	no data
Eimear McKeever	Chief Financial Officer of International	less than a year	no data	no data
Peter Roberts	Executive GM of Business Solutions & Company Secretary	11.5yrs	no data	no data

1.7yrs

Average Tenure

61yo

Average Age

Experienced Management: SDF's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Kelly	Co-Founder	28.6yrs	AU$4.37m	0.32% A$ 19.8m
Francis O'Halloran	Non-Executive Independent Chairman	12.1yrs	AU$330.00k	0.10% A$ 6.4m
Vicki Allen	Independent Non-Executive Director	3.7yrs	AU$225.00k	0.0051% A$ 317.1k
Gai McGrath	Non-Executive Independent Director	6.4yrs	AU$225.00k	0.0062% A$ 386.0k
Gregory Rynenberg	Non-Executive Independent Director	26.3yrs	AU$215.00k	0.088% A$ 5.5m
Andrew Bloore	Independent Director	less than a year	AU$134.42k	no data
Joan Cleary	Independent Non-Executive Director	2.3yrs	AU$225.00k	0.0040% A$ 251.3k

6.4yrs

Average Tenure

69.5yo

Average Age

Experienced Board: SDF's board of directors are considered experienced (6.4 years average tenure).

Steadfast Group Management

Management criteria checks 3/4

Key information

Recent management updates

Non-Executive Independent Chairman recently bought AU$304k worth of stock

Steadfast Group Limited, Annual General Meeting, Nov 01, 2024

Steadfast Group Limited Appoints Andrew Bloore as A Director

Non-Executive Independent Chairman recently bought AU$305k worth of stock

Steadfast Group Limited Announces Executive Changes

Steadfast Group Limited Appoints Duncan Ramsay as Additional Company Secretary

Recent updates

Non-Executive Independent Chairman recently bought AU$304k worth of stock

Investor sentiment deteriorates as stock falls 17%

Now 24% undervalued

Final dividend increased to AU$0.10

Steadfast Group Limited to Report First Half, 2025 Results on Feb 26, 2025

Full year 2024 earnings released: EPS: AU$0.21 (vs AU$0.18 in FY 2023)

Steadfast Group Limited Announces Final Franked Dividend for the Year Ended 30 June 2024, Payable on 24 September 2024

First half dividend increased to AU$0.068

First half 2024 earnings released: EPS: AU$0.096 (vs AU$0.085 in 1H 2023)

Steadfast Group Limited has completed a Follow-on Equity Offering in the amount of AUD 68.125925 million.

Steadfast Group Limited has completed a Follow-on Equity Offering in the amount of AUD 275.642028 million.

Steadfast Group Limited, Annual General Meeting, Nov 01, 2024

Steadfast Group Limited (ASX:SDF) entered into an agreement to acquire 70% stake in Combined Agency Group Pty Limited for approximately AUD 280 million.

New minor risk - Shareholder dilution

Steadfast Group Limited has filed a Follow-on Equity Offering.

Steadfast Group Limited Appoints Andrew Bloore as A Director

Steadfast Group Limited (ASX:SDF) acquired ISU Group for $55 million.

Non-Executive Independent Chairman recently bought AU$305k worth of stock

Steadfast Group Limited Announces Executive Changes

Full year 2023 earnings released: EPS: AU$0.18 (vs AU$0.18 in FY 2022)

Javelin Limited acquired Underwriter Central and Insurance Connect businesses of Steadfast Group.

Steadfast Group Limited Appoints Duncan Ramsay as Additional Company Secretary

Co-Founder recently sold AU$2.0m worth of stock

Non-Executive Independent Chairman recently sold AU$290k worth of stock

First half 2023 earnings released: EPS: AU$0.085 (vs AU$0.12 in 1H 2022)

Steadfast Group Limited Updates Earnings Guidance for the Full Year 2023

Steadfast Group Limited to Report Fiscal Year 2023 Results on Aug 17, 2023

Steadfast Group Limited to Report First Half, 2023 Results on Feb 22, 2023

Non-Executive Independent Chairman recently sold AU$609k worth of stock

Key Executive recently sold AU$306k worth of stock

Steadfast Group Limited (ASX:SDF) Completed the acquisition of Insurance Brands Australia Pty Limited.

Full year 2022 earnings released: EPS: AU$0.18 (vs AU$0.17 in FY 2021)

Steadfast Group Limited (ASX:SDF) entered into an agreement to acquire Insurance Brands Australia Pty Limited for AUD 301 million.

Steadfast Group Limited Announces Dividend for the Period of Six Months Ended 30 June 2022, Payable on 9 September 2022

Steadfast Group Limited Appoints Ms Joan Cleary as A Director , Effective from 28 July 2022

Non-Executive Independent Director recently sold AU$351k worth of stock

Insufficient new directors

Co-Founder recently sold AU$477k worth of stock

Independent Non-Executive Director recently bought AU$58k worth of stock

Now 20% undervalued after recent price drop

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Steadfast Group Retirement of Philip Purcell as Director

Insufficient new directors

Co-Founder recently sold AU$1.5m worth of stock

Non-Executive Independent Chairman recently bought AU$470k worth of stock

Steadfast Group Limited (ASX:SDF) completed the acquisition of Coverforce Holdco Pty Limited from Jim Angelis and Management for approximately AUD 420 million.

Full year 2021 earnings released: EPS AU$0.17 (vs AU$0.065 loss in FY 2020)

Steadfast Group Limited (ASX:SDF) agreed to acquire Coverforce Holdco Pty Limited from Jim Angelis and Management for approximately AUD 410 million.

Steadfast Group Limited Appoints Vicki Allen as Director

Co-Founder recently sold AU$600k worth of stock

First half 2021 earnings released: EPS AU$0.085 (vs AU$0.087 loss in 1H 2020)

New 90-day high: AU$4.09

New 90-day high: AU$4.08

Steadfast Group Limited to Report First Half, 2021 Results on Feb 24, 2021

New 90-day high: AU$4.02

Steadfast Group Limited, Annual General Meeting, Oct 22, 2021

Co-Founder recently sold AU$259k worth of stock

New 90-day high: AU$3.69

Steadfast Group Limited (ASX:SDF) acquired Gold Seal Practice Management and Gold Seal Intellectual Property.

New 90-day low: AU$3.21

New 90-day low - AU$3.27

Full year earnings released - AU$0.065 loss per share

Steadfast Group Ltd acquired an unknown majority stake in Gsa Insurance Brokers Pty Ltd from Paul Hines.

New 90-day high - AU$3.58

New 90-day high - AU$3.48

Steadfast Group Limited to Report Fiscal Year 2020 Results on Aug 26, 2020

CEO Compensation Analysis

CEO

Tenure