AUB Group is spending around AUD 140 million to acquire a 70% interest in Pacific Indemnity Underwriting Solutions, an insurance underwriting agency. As the name suggests, the firm specializes in professional indemnity, directors and officers liability, and general liability insurance.
AUB's scale and expertise in insurance products and services leave it well placed to benefit from higher insurance pricing.
Insurance volumes and prices are closely tied to the insurance cycle and general economic conditions. Downside risk could increase in a recession.
|
Metric
|
AUB
|
WTW
|
MMC
|
|---|---|---|---|
Price/Earnings (Normalized) | 28.74 | 16.69 | 24.51 |
Price/Book Value | 2.56 | 2.70 | 8.11 |
Price/Sales | 3.48 | 2.75 | 4.37 |
Price/Cash Flow | 25.57 | 15.52 | 19.21 |
|
Metric
|
AUB
|
WTW
|
MMC
|
|---|---|---|---|
Quick Ratio | 1.12 | 0.33 | 0.46 |
Current Ratio | 1.14 | 1.12 | 1.14 |
Interest Coverage | 2.73 | 6.16 | 9.54 |
|
Metric
|
AUB
|
WTW
|
MMC
|
|---|---|---|---|
Return on Assets (Normalized) | 4.12% | 5.32% | 9.42% |
Return on Equity (Normalized) | 12.91% | 16.26% | 35.90% |
Return on Invested Capital (Normalized) | 9.59% | 11.25% | 16.96% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
MMC
| Marsh & McLennan Companies Inc | Dtftdlhllw | Vnhrmf | $102.3 Bil | |
AON
| Aon PLC Class A | Shsqghdkk | Sjbbw | $60.7 Bil | |
AJG
| Arthur J. Gallagher & Co | — | Xlw | $55.4 Bil | |
WTW
| Willis Towers Watson PLC | Fgqdfrn | Gyvcmk | $26.1 Bil | |
BRO
| Brown & Brown Inc | — | Ygmcj | $25.0 Bil | |
ERIE
| Erie Indemnity Co Class A | — | Gmdf | $19.0 Bil | |
CRVL
| CorVel Corp | — | Wczj | $4.1 Bil | |
SFGLF
| Steadfast Group Ltd | — | Cqsyvn | $4.0 Bil | |
BWIN
| The Baldwin Insurance Group Inc Class A | — | Xwcz | $2.2 Bil | |
QDMI
| QDM International Inc | — | Gsbks | $583.1 Mil |
