Latest Underwriting News

Steadfast Group Limited reported a solid half-year result for December 2025, with underlying net profit after tax rising 7% to $137.5 million and a fully franked interim dividend declared. The insurer intermediary also increased its gearing capacity to support ongoing growth.

AUB Group Limited has reported a robust first half with underlying net profit after tax rising 14% to AUD 90.4 million, prompting an upgrade to its full-year earnings guidance. The company also announced a new CFO appointment amid mixed divisional performances.

Steadfast Group announces the planned retirement of co-founder and CEO Robert Kelly AM, initiating a structured leadership transition with a new CEO expected by August 2026.

Identitii Limited has reopened its pro rata rights issue following a Takeovers Panel ruling, granting shareholders withdrawal rights and terminating the underwriting agreement.

QBE Insurance Group has reported its strongest financial performance in over a decade for 2025, with a 7% premium growth and a combined operating ratio improvement to 91.9%. The insurer also raised its dividend and announced a substantial share buyback, signaling confidence in sustained growth.

Solvar Limited reported a 5.8% rise in half-year NPAT to $20 million, driven by the sale of its New Zealand written-off loan book and expanded debt facilities. The company also announced a special dividend and outlined growth plans in commercial lending.

Identitii Limited faces a setback as Beauvais Capital terminates its underwriting agreement following Takeovers Panel orders, triggering shareholder withdrawal rights and uncertainty over the company’s capital raising plans.

Suncorp’s first half of FY26 was marked by significant natural hazard claims costing $1.3 billion, yet the insurer maintained resilient underlying margins and a robust capital position.

29Metals has successfully completed the retail portion of its entitlement offer, raising $31 million and finalising a $150 million capital injection to support its growth ambitions.

Tourism Holdings Limited has agreed to sell its UK & Ireland operations to Indie Campers for NZ$8 million, aiming to streamline its portfolio and reduce debt. The deal is expected to deliver a one-off gain but will impact earnings in the short term.

Verity Resources Limited has announced a pro-rata entitlement issue to raise up to $2.05 million, partially underwritten by entities linked to its directors. The capital raise aims to fund exploration and technical studies across its key projects, including the Monument Gold Project.

Insurance Australia Group (IAG) reported a resilient first half of FY26 with an underlying insurance profit of $804 million and maintained its full-year guidance despite integration challenges from the RAC Insurance acquisition.