Austbrokers: Interim result 2015

This insurance broker has been hit by lower premium prices, but it has acted swiftly to mitigate the pain.

Austbrokers’ interim result produced no surprises as the company recently announced a profit downgrade (see Austbrokers profit downgrade from 23 Jan 15 (Buy – $8.78). Underlying net profit fell 15% for the six months to December due to lower premium prices and one-off expenses related to recent acquisitions. Insurance premium prices fell by up to 30%, which reduced the commissions earned by the company’s insurance brokers.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles