The Steadfast Group Ltd (ASX: SDF) share price comes into focus today as the company releases an investor update highlighting $127.7 million of recent acquisitions and an average 2.4% increase in base insurance premiums across its broker networks.
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What did Steadfast Group report?
- Completed $127.7 million in acquisitions year-to-date for FY26 up to 30 November 2025
- Average year-to-date base insurance premium increase of 2.4% across the network
- Head office and subsidiary cost-saving measures expected to deliver $3.6 million in annualised savings (pro rata for 2H26)
- Australasian broker network grew from 402 to 421 brokers, with a ~25% increase in broker licence fee revenue for FY26
- Strong uplift in revenue mix, with a strategic shift from commission to fee revenue
- Ongoing investment in technology and underwriting agency modernisation
What else do investors need to know?
Steadfast continues to manage its expense base carefully, reporting reductions in non-critical marketing, events, and head office roles, while leveraging group scale to manage vendor spend more efficiently. The board has approved an increase in the group's maximum gearing ratio to 40% (excluding premium funding borrowings) to support further growth and acquisitions.
The company's acquisition strategy remains active, with $128 million of Australasian acquisitions completed so far in FY26, and a further $202 million in the "trapped capital pipeline" expected to complete by year-end, including opportunities such as Rothbury in New Zealand. Steadfast also highlighted successful consolidation and integration initiatives within its broker and underwriting networks.
What's next for Steadfast Group?
Looking ahead, Steadfast will maintain its dual focus on organic and inorganic growth, particularly across the Australasian and international insurance networks. The group sees further opportunity in agency hubbing and technology investment to drive efficiency and client outcomes.
Steadfast is also working cooperatively with the ACCC as Australia's new merger control regime begins on 1 January 2026, aiming to keep acquisition processes smooth and regulatory-compliant. The company's expanding global footprint, especially following recent European and US acquisitions, should provide further scale benefits in the coming year.
Steadfast Group share price snapshot
Over the past 12 months, Steadfast shares have declined 14%, underperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.
