Financials
Steadfast Group Limited (SDF)
Steadfast Group Limited (ASX: SDF) is the largest insurer-owned management business in Australia, New Zealand, and Southeast Asia. They operate through a network of over 700 staff and more than 1,200 broker partners, offering commercial insurance underwriting, broking, and managing general agency (MGA) services, with a focus on property, liability, and professional risks. Headquartered in Sydney, Australia.
Market Cap
A$5.6B
Shares on Issue
N/A
Price Chart
AI Analysis
Steadfast Group currently maintains a strong market position within the Australian insurance sector, with recent performance reflecting steady revenue growth driven by its extensive broker network and strategic acquisitions. Key metrics include a market capitalization of A$5.6 billion and a listing date of 02/08/2013. Profitability has been consistent, with a focus on expanding its underwriting capabilities.
Looking forward, Steadfast's growth outlook is tied to the expansion of its underwriting business, potential acquisitions to bolster its network, and navigating the challenges of a competitive insurance market. Strategic direction may also include enhancing digital platforms for brokers and policyholders, though cyclical insurance market pressures and regulatory changes could impact outlook.
Bull Case
- • Successful integration of acquisitions leads to heightened revenue streams and increased market share.
- • Expansion into Southeast Asian markets yields higher-than-anticipated growth due to underserved insurance needs.
- • Diversification into underwriting proves highly profitable, reducing dependency on broking fees.
Bear Case
- • Increased competition from larger insurers undermines SDF's ability to maintain premium rates and market share.
- • Regulatory changes in Australia or NZ increase operational costs or restrict business practices.
- • Natural disasters lead to significant claims payouts, straining profitability.
Recent Announcements
Change in substantial holding
Notification of cessation of securities - SDF
FAQs
What does SDF do?
SDF is an insurance group providing underwriting, broking, and MGA services across Australia, NZ, and SE Asia.
Is SDF a good investment?
SDF offers a stable income stream via dividends and potential for growth through underwriting expansion. However, as a A$5.6B market cap company in a competitive sector, investors should weigh the speculative nature of insurance market cycles and regulatory risks against its strong network and strategic growth plans.
What drives SDF's share price?
Key drivers include underwriting margin performance, success of acquisitions, regulatory environment, natural disaster-related claims, and the overall health of the Australian and NZ economies.
Key Metrics
Related Stocks
Financials
CBACommonwealth Bank of Australia
A$159.28
5.5% 1Y
Commonwealth Bank is Australia's largest retail bank with leading positions in mortgages, deposits, and digital banking.
Financials
NABNational Australia Bank
A$44.05
29.5% 1Y
NAB is a leading Australian bank with a strong business banking franchise and retail exposure.
Financials
WBCWestpac Banking Corporation
A$39.91
26.4% 1Y
Westpac is a major Australian bank with retail, business, and institutional banking operations.