Steadfast Group's FY24 Guidance Update

Steadfast Group Limited (ASX: $SDF) has updated its FY24 guidance, expecting to deliver results at the top end of or slightly exceeding the stated FY24 guidance range announced with the 1H24 results in February 2024. The company's strong trading performance and accretive acquisitions made contribute to this upgrade.

Executive Commentary on FY24 Guidance Update

Steadfast Group is pleased to announce the upgrade of its FY24 guidance range based on the strong trading performance and accretive acquisitions made. We now expect to deliver FY24 results either at the top end of or slightly exceeding the stated FY24 guidance range. This reflects our confidence in the company's performance and the positive impact of the acquisitions. We remain committed to providing quality services to our broker businesses and underwriting agencies across various regions.

Summary of Steadfast Group's FY24 Guidance Update

Steadfast Group Limited (ASX: $SDF) has upgraded its FY24 guidance range based on strong trading performance and accretive acquisitions. The company now expects to deliver FY24 results either at the top end of or slightly exceeding the stated FY24 guidance range. The key assumptions include no material adverse impacts from current geopolitical uncertainties and the key risks as set out in the 2023 Annual Report. Steadfast Group, established in 1996, is the largest general insurance broking network and the largest underwriting agency group in Australasia. The company's ambitions and goals are reflected in its commitment to providing quality services to broker businesses and underwriting agencies across Australia, New Zealand, Asia, and London. The company's outlook remains positive as it continues to focus on delivering strong results and maintaining its position as a leading player in the industry.