Steadfast H1 earnings increase as SME rates rise

Steadfast has reported a 13 percent increase in first-half net
profit to A$30mn ($23mn) for the first half of the year as revenues
ticked up 8 percent to A$243.3mn.
Underlying Ebitda also rose, by 11 percent to A$66.7mn, while
earnings per share increased by 12 percent to 4.01 cents per
share.
The Australian insurance broker and underwriting agency said
gross written premiums placed by its Steadfast Network Brokers unit
rose by almost 13 percent to A$2.5bn, due to both organic...