PSC Insurance Group expects to report underlying pre-tax profit of more than $20 million for last financial year, exceeding its float prospectus forecast of $17.8 million.

The revised forecast is subject to an audit review, PSC says in a statement to the Australian Securities Exchange.

PSC listed in December last year, raising $43 million from the initial public offering.

It made net profit of $2.1 million and revenue of $27.7 million in the half-year to December 31.