Pinned straw:
Equity brokers (including Network) aggregate underlying EBITA +27.7% (refer slide 20)
Underwriting agencies’ aggregate underlying EBITA +15.7% (refer slide 21) Diluted EPS growth
Diluted EPS growth driven by organic and acquisition growth Acquisition growth
Completed EPS accretive acquisitions for an outlay of $574.2m1 including IBA (refer slide 7) Future growth
As at today, debt facility capacity of $378.5m available to fund acquisitions (plus free cash flow
Participating on the SCTP across four product lines – Commercial Property & ISR, Strata, Liability and Professional Indemnity
You dont like paying insurance.. Well buy these dudes: SDF
Return (inc div) 1yr: 10.90% 3yr: 22.73% pa 5yr: 16.71% pa
Steady growth.
Put the premiums up .. they will pay
This company sure lives up to its name. A steady and consistent performer year after year, with aligned management.
I have held for a couple of years now from the 4s (wish they were on my radar earlier!), and added to my position modestly at the low today, even though the company appears fully valued at these levels. Paying up for quality (I hope).