Tysers exceeding expectations and forecasts, says AUB Group
Tysers delivered AU$18m (£10.16m) of pre-tax profit to AUB Group in the final three months of 2022, its new parent company has confirmed.
The Lloyd’s wholesale broker was bought by the Sydney-headquartered firm from private equity house Odyssey Investment Partners for £500m in September 2022.
According to AUB, Tysers had performed “above expectations” in the period. It noted that the broker had grown revenue by 12.3% more than initial forecasts, of which 10% was organic growth.
12.3%Tysers had grown revenue by 12.3% more than initial forecasts
Revenue for the three months came in at AU$90.4m.
The owners detailed that
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