Diluted EPS growth impacted by capital raise to fund acquisitions
Acquisition growth
Completed EPS accretive acquisitions for a net cost of $449m including IBA (refer slide 6)
On target to complete $220m of Trapped Capital acquisitions in FY23
Future growth
As at today, debt facility capacity of $227m available to fund acquisitions (plus free cash flow)
Steadfast distribution footprint
Total Steadfast distribution CY22 GWP footprint is $13.4b (CY21 $12.1b)
Steadfast Network GWP
$11.5b
Steadfast Underwriting Agencies GWP
$1.9b
Total Steadfast GWP
$13.4b
PSC is no longer part of the Steadfast Network effective 1 July 2022
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Steadfast Group Ltd. published this content on 22 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 February 2023 04:46:05 UTC.
Steadfast Group Limited is an Australia-based general insurance broker and insurance underwriting agency with operations in Asia and Europe. The principal activities of the Company are the provision of services to Steadfast Network brokers, the distribution of insurance policies via insurance brokerages and underwriting agencies, and related services. It has a network of approximately 425 general insurance brokerages in Australasia. It provides two types of insurance products: business insurance and personal insurance. Its business insurance includes aviation, business interruption, business pack, contract works, corporate travel, cyber, events, farm, marine, management liability, product liability, professional indemnity, public liability, trade credit, and workers compensation. Its personal insurance includes home and contents, landlord, life, motor, and strata. Its subsidiaries include A.I.S. Coverforce Pty Ltd, BRM Risk Management Pty Ltd, CIIG (VIC) Pty Ltd and others.