AUB Group to Pay Higher Dividend as Record Profit Boosts Earnings

AUB Group (ASX:AUB), an insurance intermediary, is set to pay a higher fully franked final dividend in early October following a record underlying profit.

The group's International division, Australian broking network, and online small business platform led the way, with the former delivering the fastest underlying profit growth among major segments.

International exposure gives AUB Group a broader earnings base than a purely domestic intermediary, introducing currency effects due to offshore profits being translated into Australian dollars.

Leadership has issued guidance for underlying profit growth in the current financial year, with a range implying another year of solid expansion driven by the Prestige integration and performance improvements.