Latest Insurance News

MyState Limited posted a 58% rise in statutory net profit after tax to $56.2 million for FY26, boosted by integration progress and strong portfolio growth. The company declared a fully franked final dividend of 12.5 cents per share, marking a 3-cent increase for the year.

Australian Ethical Investment Ltd posted record FY26 results with a 29% rise in net profit after tax and funds under management reaching $14.5 billion, driven by strong superannuation inflows and growth in private markets.

AUB Group delivered a robust FY26 with 12.2% underlying NPAT growth to $224.6 million, driven by strong international and domestic performances, and completed its strategic UK Prestige acquisition. The company declared a fully franked 71-cent final dividend and provided positive FY27 profit guidance.

hipages Group lifted FY26 revenue 9% to $90.6 million and expanded EBITDA margin to a record 25.3%, driven by strong subscription ARPU growth and AI-powered platform enhancements. The Group also acquired a majority stake in Viz Insurance and launched a 10% on-market share buy-back.

City Chic Collective’s FY26 underlying EBITDA surged 92% to $12.3 million, driven by ANZ growth and cost discipline, while group revenue fell 3.1%. The company enters FY27 with a stronger margin profile and a clean inventory position amid ongoing US tariff challenges.

Reece Limited posted a 4.5% revenue increase to $9.38 billion in FY26, driven by a strong ANZ recovery and tempered by ongoing challenges in the US residential market. Despite flat EBITDA and a slight dip in net profit, the company unveiled a revamped long-term executive remuneration plan aligned with its 2030 strategy.

nib Group reported a 6.2% revenue increase to $3.8 billion and a 9.1% rise in underlying operating profit to $260.9 million for FY26, despite a 5.9% net profit dip. The company achieved maiden profitability in Health Services and declared a fully franked 21c dividend including a 5c special, supported by ongoing Travel insurance divestments.

AMA Group Limited (ASX: AMA) reversed losses with a statutory profit of AUD 7.7 million in FY26, driven by revenue growth and operational improvements across key segments. The company declared a fully franked dividend, its first since 2019, and outlined a positive outlook for FY27.

James Hardie Industries has agreed to divest its European Fermacell sustainable walling and flooring business to Holcim for €840 million, while planning to close its European fiber cement operations and launch a $250 million share buyback.

Ovanti Limited has announced a complete global exit from the Buy Now Pay Later sector, ceasing all BNPL activities and shifting its focus to its established iSentric business in Southeast Asia, alongside significant cost reductions and imminent legal action against its former US BNPL CEO.

Brambles Limited posted a 6% rise in sales revenue to US$7.04 billion for FY26, navigating US repair bottlenecks with decisive investments and reaffirming growth targets for FY27 and beyond.

Medibank Private Limited reported a 27.5% jump in net profit after tax to $638.7 million for FY26, driven by steady health insurance growth and a 31.3% surge in its Medibank Health segment. The company declared a fully franked final dividend of 10.9 cents per share and updated its Net Zero emissions strategy.