Acquisition of Prestige and Equity Raising
• AUB Group Limited (AUB) today announces it has entered into an agreement to acquire 95.9%
of PIHL Holdings Limited (“Prestige”) for AUD 432mn (GBP 219mn)1. Prestige is a diversified
insurance broking and underwriting platform in the UK with over GBP 300mn GWP 2
(“Acquisition”)
• Acquisition values Prestige at EV / CY25 EBITDA 3 of 12.9x (excluding synergies) and 10.0x
(including quantified synergies4)
• Acquisition highly complementary to AUB’s UK strategy – materially bolsters AUB’s scale (to
~GBP 720mn GWP 2 in UK Retail) and capability in the UK market
• Provides additional strategic leadership, specialist broking and MGA capabilities and an efficient
operating model to become the go-forward equity ownership platform for UK Retail broking
and MGA operations
• AUB has launched an underwritten AUD 400mn institutional placement (“Placement”), and an
AUD 40mn non-underwritten share purchase plan (“SPP”) will also be made available to eligible
shareholders
• AUB has also entered into an agreement for an additional debt facility of AUD 200mn with
Macquarie Bank Limited, with improved pricing relative to current Syndicated Facility
Agreement
• Continued business-as-usual M&A, with ~30 transactions in 1H26 and total M&A spend of AUD
200mn5, which includes acquisitions in December 2025 of remaining 30% shareholding in Pacific
Indemnity and additional ~6% shareholding in AUB 360 (together the “Step-ups”) for AUD 96mn
• AUB is pleased to provide a trading update:
o 1H26 UNPAT expected to be in the range of AUD 90mn – 91mn
o Re-affirm FY26 guidance to be in the range of AUD 215.0mn – 227.0mn UNPAT, before
the impact of Prestige and the Step-ups
