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AUB Group (ASX:AUB) Balance Sheet Cash And Cash Equivalents


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What is AUB Group Balance Sheet Cash And Cash Equivalents?

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AUB Group (ASX:AUB) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AUB Group Ltd (ASX:AUB) » Definitions » Balance Sheet Cash And Cash Equivalents
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Address
141 Walker Street, Level 14, North Sydney, Sydney, NSW, AUS, 2060
AUB Group is the second-largest general insurance broker network in Australia and New Zealand. It has an ownership in brokerage businesses which collectively write over AUD 5 billion in premiums. It also owns equity stakes in 27 underwriting agencies. AUB derives revenue from commissions (from insurers, ultimately paid for by AUB's customers) based on gross written premium, or GWP, from agencies it owns, and a share of profits from associates and joint ventures. GWP is split between personal (7%), small to medium enterprises (65%), and corporates (28%).