PSC Insurance Group has retained an upbeat outlook despite the immediate challenges posed by the current economic situation.

The Melbourne-based listed broker told a Goldman Sachs Emerging Leaders Conference last week that it is “seeing a resilience across the businesses” and expects to achieve more than $57 million in underlying earnings before interest, tax, depreciation and amortisation for this financial year, as previously advised.

Organic revenue in March was 5% higher than the prior period, according to the presentation materials shown to attendees at the conference.

“[The fourth quarter] is the peak season for the group and the sector,” PSC says. “Despite the uncertain economic outlook, the non-discretionary attributes of the ‘insurance spend’ will assist revenue in coming periods, relative to other sectors.

“Our businesses are not weighted materially to sectors most impacted across any of our jurisdictions.”

PSC says it is working with clients to ensure insurance is placed and, where required, to offer funding mechanisms including increased use of third-party premium funders.