Duyuru • Mar 10
AUB Group Limited (ASX:AUB) completed the acquisition of 95.90% stake in PIHL Holdings Limited. AUB Group Limited (ASX:AUB) entered into an agreement to acquire 95.90% stake in PIHL Holdings Limited for approximately £220 million on January 27, 2026. A cash consideration of £219 million will be paid by AUB Group Limited. As part of consideration, £219 million is paid towards common equity of PIHL Holdings Limited. AUB has also entered into an agreement for an additional debt facility of £101.12 million (AUD 200 million) with Macquarie Bank Limited. In conjunction with the new debt, AUB is undertaking a £202.24 million (AUD 400 million) equity raising, to fund the acquisition of Prestige and associated costs. Macquarie Capital is acting as sole lead manager, bookrunner and underwriter to the Equity Raising. The transaction includes Prestige Insurance Broking businesses, including AbbeyAutoline, Open and Direct, Bond Lovis & Find Insurance NI; Prestige Insurance MGA businesses, including Prestige Underwriting & Octane London Market; and Insurance technology platform, Covernet.
Prestige is employing ~650 people.
The transaction is subject to regulatory approval and expected to complete before June 30, 2026. The transaction reflects TEV/EBITDA multiple of 12.9x and 10.0x (including quantified synergies). The Prestige acquisition and the Step-ups are expected to be EPS neutral pre-synergies and low to mid-single digit EPS accretive post synergies for CY25 on a pro-forma basis.7 Deployment of the cash and debt headroom over time is expected to lead to additional EPS accretion.
Allens and Pinsent Masons acted as legal advisors to AUB Group Limited. Deloitte Touche Tohmatsu Australia, Investment Banking Arm acted financial advisor to AUB Group Limited. Continuum Advisory Partners acted as financial advisor to PIHL Holdings Limited. Carson McDowell acted as legal advisor to PIHL Holdings Limited. Ernst & Young LLP (UK) acted as accountant to PIHL Holdings Limited.
AUB Group Limited (ASX:AUB) completed the acquisition of 95.90% stake in PIHL Holdings Limited on March 10, 2026. Duyuru • Jan 28
AUB Group Limited has completed a Follow-on Equity Offering in the amount of AUD 400.000024 million. AUB Group Limited has completed a Follow-on Equity Offering in the amount of AUD 400.000024 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,605,443
Price\Range: AUD 29.4
Discount Per Security: AUD 0.588
Transaction Features: Subsequent Direct Listing Duyuru • Dec 01
Arbutus Pte. Limited and CVC Asia Pacific Ltd. terminated the acquisition of AUB Group Limited (ASX:AUB). Arbutus Pte. Limited entered into a unsolicited, confidential and non-binding indicative proposal to acquire AUB Group Limited (ASX:AUB) for AUD 5 billion on September 13, 2025. A cash consideration valued at AUD 43 per share will be paid by Arbutus Pte. Limited.
The transaction is subject to approval of merger agreement by target board, consummation of due diligence investigation and definitive agreement. As of September 26, 2025 Offer per share has been increased from AUD 43 per share to AUD 45 per share. As of November 10, 2025, CVC Asia Pacific Ltd. joins Arbutus Pte. Limited to jointly acquire AUB Group Limited.
Macquarie Capital (Australia) Limited acted as Financial advisor and Allens acted as legal advisor to AUB Group Limited. Goldman Sachs (Singapore) Pte acted as financial advisor to EQT, parent of Arbutus Pte. Limited.
Arbutus Pte. Limited and CVC Asia Pacific Ltd. terminated the acquisition of AUB Group Limited (ASX:AUB) on December 1, 2025. The Consortium has advised AUB that it does not intend to proceed with a binding proposal at a price of AUD 45 per share. Accordingly, the parties have agreed to terminate discussions. The AUB Board believes that a price of AUD 45 per share appropriately values AUB in the current market environment. Duyuru • Oct 29
EQT Reportedly in Talks to Buy $4 Billion AUB Group AUB Group Limited (ASX:AUB) is expected to offer more insight to the ASX before it opens on 28 October 2025 morning on talk in the market that private equity firm EQT AB (publ) (OM:EQT) has been in discussions to buy the $4 billion listed insurance broking firm, sources say. It comes as AUB paused the trading of its shares on 27 October 2025, with well-informed sources saying that AUB and EQT had been in takeover talks. Duyuru • Oct 28
Arbutus Pte. Limited entered into a unsolicited, confidential and non-binding indicative proposal to acquire AUB Group Limited (ASX:AUB) for AUD 5.3 billion. Arbutus Pte. Limited entered into a unsolicited, confidential and non-binding indicative proposal to acquire AUB Group Limited (ASX:AUB) for AUD 5.3 billion on September 26, 2025. A cash consideration valued at AUD 45 per share will be paid by Arbutus Pte. Limited.
The transaction is subject to approval of merger agreement by target board, consummation of due diligence investigation and definitive agreement.
Macquarie Capital (Australia) Limited acted as Financial advisor and Allens acted as legal advisor to AUB Group Limited. Declared Dividend • Aug 23
Final dividend of AU$0.59 announced Shareholders will receive a dividend of AU$0.59. Ex-date: 6th September 2024 Payment date: 27th September 2024 Dividend yield will be 3.8%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (122% cash payout ratio). The dividend has increased by an average of 8.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Aug 23
AUB Group Limited Announces Dividend for Six Months Ended June 30, 2024 AUB Group Limited announced dividend of AUD 0.59000000 for the six months ended June 30, 2024. Ex Date is 6 September 2024. Record Date is 9 September 2024. Payment Date is 27 September 2024. Reported Earnings • Aug 22
Full year 2024 earnings released: EPS: AU$1.26 (vs AU$0.65 in FY 2023) Full year 2024 results: EPS: AU$1.26 (up from AU$0.65 in FY 2023). Revenue: AU$1.05b (up 27% from FY 2023). Net income: AU$137.1m (up 110% from FY 2023). Profit margin: 13% (up from 7.9% in FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Insurance industry in Europe. Duyuru • Aug 21
AUB Group Limited, Annual General Meeting, Oct 31, 2024 AUB Group Limited, Annual General Meeting, Oct 31, 2024. Duyuru • Aug 20
AUB Group Limited (ASX:AUB) agreed to acquire 80% stake in Movo Eastbourne Limited. AUB Group Limited (ASX:AUB) agreed to acquire 80% stake in Movo Eastbourne Limited on August 19, 2024. The transaction is subject to regulatory approval. AUB acquired Movo including Authorised Representative (AR) network Movo Partnership Equity broking group, Movo Insurance Brokers, and Insurance technology platform, Durell Software. Grant Thornton International Ltd. acted as accountant for Movo Eastbourne Limited. Gannons acted as legal advisor for Movo Eastbourne Limited. InsureLaw Gibraltar advised Movo. Deloitte UK acted as accountant for AUB Group Limited. Pinsent Masons acted as legal advisor for AUB Group Limited. Duyuru • Jun 26
AUB Group Limited to Report Fiscal Year 2024 Results on Aug 21, 2024 AUB Group Limited announced that they will report fiscal year 2024 results at 10:00 AM, AUS Eastern Standard Time on Aug 21, 2024 Duyuru • Jun 15
AUB Group Limited has filed a Follow-on Equity Offering in the amount of AUD 24.999975 million. AUB Group Limited has filed a Follow-on Equity Offering in the amount of AUD 24.999975 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 909,090
Price\Range: AUD 27.5 New Risk • May 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Duyuru • May 24
AUB Group Limited has completed a Follow-on Equity Offering in the amount of AUD 200.00002 million. AUB Group Limited has completed a Follow-on Equity Offering in the amount of AUD 200.00002 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,272,728
Price\Range: AUD 27.5
Discount Per Security: AUD 0.55
Transaction Features: Subsequent Direct Listing Declared Dividend • Feb 22
First half dividend of AU$0.20 announced Shareholders will receive a dividend of AU$0.20. Ex-date: 29th February 2024 Payment date: 5th April 2024 Dividend yield will be 2.6%, which is lower than the industry average of 3.8%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 6.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 21
First half 2024 earnings released: EPS: AU$0.49 (vs AU$0.023 in 1H 2023) First half 2024 results: EPS: AU$0.49 (up from AU$0.023 in 1H 2023). Revenue: AU$505.1m (up 54% from 1H 2023). Net income: AU$53.1m (up AU$50.9m from 1H 2023). Profit margin: 11% (up from 0.7% in 1H 2023). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Insurance industry in Germany. Duyuru • Jan 25
AUB Group Limited to Report First Half, 2024 Results on Feb 20, 2024 AUB Group Limited announced that they will report first half, 2024 results on Feb 20, 2024 Duyuru • Nov 03
AUB Group Limited Announces Changes to Its Board of Directors, Effective 2 November 2023 AUB Group Limited announced changes to its Board of Directors, effective from the conclusion of the Annual General Meeting on 2 November 2023. Melanie Laing will be appointed as a Non-Executive Director and Chair of the Remuneration and People Committee, and Robin Low will retire from the Board. Melanie Laing is a Non-Executive Director of global, ASX-listed (US domiciled) digital education provider, Keypath Education, where she chairs the people, remuneration and sustainability committee. She is also a Non-Executive Director of ASX-listed Ridley Corporation, one of Australia's leading agricultural companies. Melanie was group executive of HR at Commonwealth Bank of Australia, where she was responsible for the strategic planning, transformation and implementation of the bank's global people agenda and HR operations. Previously, she was global head of people and culture at Origin Energy, and has held senior HR leadership roles with Unisys, Vodafone, General Re and Times Mirror, in Australia and overseas. Robin Low will retire from the Board and as Chair of the Board Audit and Risk Committee, after almost 10 years of service. Buying Opportunity • Sep 12
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €22.89, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Upcoming Dividend • Aug 31
Upcoming dividend of AU$0.47 per share at 2.1% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 09 October 2023. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.1%). Duyuru • Aug 23
AUB Group Limited Declares Dividend for the Six Months Ended on June 30, 2023, Payable on October 9, 2023 AUB Group Limited declared dividend of AUD 0.47000000 relates to a period of six months ended on June 30, 2023, payable on October 9, 2023. Ex-date is September 7, 2023 and record date is September 8, 2023. Reported Earnings • Aug 23
Full year 2023 earnings released: EPS: AU$0.65 (vs AU$1.06 in FY 2022) Full year 2023 results: EPS: AU$0.65 (down from AU$1.06 in FY 2022). Revenue: AU$827.4m (up 122% from FY 2022). Net income: AU$65.3m (down 19% from FY 2022). Profit margin: 7.9% (down from 22% in FY 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Insurance industry in Germany. Duyuru • Aug 22
AUB Group Limited, Annual General Meeting, Nov 02, 2023 AUB Group Limited, Annual General Meeting, Nov 02, 2023, at 10:00 AUS Eastern Standard Time. Buying Opportunity • Aug 11
Now 21% undervalued Over the last 90 days, the stock is up 1.8%. The fair value is estimated to be €20.96, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 21% per annum over the same time period. Duyuru • Jun 09
AUB Group Limited to Report Fiscal Year 2023 Results on Aug 22, 2023 AUB Group Limited announced that they will report fiscal year 2023 results on Aug 22, 2023 Duyuru • May 19
AUB Group Limited has completed a Follow-on Equity Offering in the amount of AUD 150 million. AUB Group Limited has completed a Follow-on Equity Offering in the amount of AUD 150 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 6,250,000
Price\Range: AUD 24
Discount Per Security: AUD 0.48
Transaction Features: Subsequent Direct Listing Duyuru • May 18
AUB Group Limited Revises Earnings Guidance for the Year 2023 AUB Group Limited revised earnings guidance for the year 2023. For the year 2023, the company expects UNPAT to be in the range of AUD 120 million to AUD 124 million (previously AUD 112.9 million AUD 121.4 million) including 9 months of Tysers profit from 1 October 2022. Reported Earnings • Feb 23
First half 2023 earnings released: EPS: AU$0.004 (vs AU$0.40 in 1H 2022) First half 2023 results: EPS: AU$0.004 (down from AU$0.40 in 1H 2022). Revenue: AU$327.6m (up 87% from 1H 2022). Net income: AU$364.0k (down 99% from 1H 2022). Profit margin: 0.1% (down from 17% in 1H 2022). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Insurance industry in Germany. Duyuru • Jan 27
AUB Group Limited Appoints Andrew Kendrick as A Non-Executive Director AUB Group Limited announced the appointment of Andrew Kendrick as a Non-Executive Director, effective 27 January 2023. Following AUB's recent acquisition of Tysers, Andrew has also been appointed as chair of the Tysers board. Andrew is a former Non-Executive Director of Lloyd's of London, Lloyd's Market Association and Russian Reinsurance Co. He has more than 40 years' experience in the insurance industry in the UK, Europe and Bermuda. Andrew's executive career includes leadership positions with Chubb and Ace, culminating in the role of President & Chairman, Chubb European Group. He began his career at Sturge Syndicate 210, and held a number of senior underwriting positions with Ockham Underwriting. In accordance with AUB's constitution, Andrew will stand for election at the 2023 Annual General Meeting. Buying Opportunity • Jan 23
Now 20% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be €18.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 13% per annum over the same time period. Duyuru • Dec 12
AUB Group Limited to Report First Half, 2023 Results on Feb 22, 2023 AUB Group Limited announced that they will report first half, 2023 results on Feb 22, 2023 Upcoming Dividend • Aug 31
Upcoming dividend of AU$0.38 per share Eligible shareholders must have bought the stock before 07 September 2022. Payment date: 07 October 2022. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.3%). Reported Earnings • Aug 24
Full year 2022 earnings released: EPS: AU$1.06 (vs AU$0.95 in FY 2021) Full year 2022 results: EPS: AU$1.06 (up from AU$0.95 in FY 2021). Revenue: AU$372.6m (up 5.9% from FY 2021). Net income: AU$80.8m (up 14% from FY 2021). Profit margin: 22% (up from 20% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 148%, compared to a 26% growth forecast for the Insurance industry in Germany. Recent Insider Transactions • Jun 06
CEO, MD & Director recently bought €67k worth of stock On the 3rd of June, Michael Emmett bought around 5k shares on-market at roughly €12.44 per share. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Cath Rogers was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 
