AUB rolls out third strata agency as division’s profit surges
AUB Group has launched commercial strata agency Rubix Underwriting as it looks to strengthen its agencies offering.
Written on 26 February, 2018
AUB Group has announced that its reported net profit after tax for the first half of 2018 has increased by 91.5%. The firm announced that its reported NPAT has hit $23.4m, compared with $12.4m in the first half of 2017, as adjusted NPAT also rose 15.1% to $16.7m, compared with $14.5m in prior corresponding period.
Profits rose thanks to “strong underlying business performance” as well as profits on sale and non-cash accounting adjustments relating to mergers and acquisitions throughout the half.
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