AUB Group will this week report a stronger-than-expected first-half result boosted by the landmark Tysers’ acquisition and robust trading in November and December.

For the December half, AUB expects to report underlying net profit after tax of $46.7 million, an 8.5% increase above the mid-point of the $41.5-44.5 million guidance provided on December 12. The full results will be released on Wednesday.

AUB sees positive conditions continuing in the current six months and it now expects to deliver underlying net profit after tax, including Tysers, in a range of $112.9-121.4 million, up from the previous $107.5-115 million range.

The upgraded guidance represents growth of 52.5-64% on the previous corresponding period.

The landmark $880 million acquisition of Lloyd’s wholesale broker Tysers was announced in May last year, with it contributing to AUB earnings from October 1.