Steadfast Group CEO Robert Kelly has confirmed that he intends to continue leading the company beyond a previously announced commitment. 
 
The board says Mr Kelly has confirmed his intention to continue as MD and CEO, and that he will not tender a required 12-month notice under existing employment arrangements before December 31 2025. The announcement extends the notice date from December 31 2023, and means he could lead the business through to the end of 2026. 
 
There are no further changes to Mr Kelly’s employment arrangements, the company says in a statement released to the Australian Securities Exchange (ASX) on Friday evening. 
 
Mr Kelly co-founded Steadfast in 1996 and has more than 50 years’ experience in the insurance industry. The group will mark 10 years since listing on the ASX in August, and has continued to expand rapidly in that time. 
 
Steadfast said at the half-year results that it had 417 network brokers, including 342 in Australia, 53 in New Zealand and 22 in Singapore, as well as 29 underwriting agencies. The company has also been investigating options to possibly expand its US presence. 
 
In February it raised its forecast for full-year underlying net profit to $198-208 million, and for underlying earnings before interest, tax and amortisation to $420-430 million. 
 
Mr Kelly had previously advised that he has an open-ended contract as MD and CEO, and wouldn’t provide the required one year’s notice before the end of this year.