AUB Group Limited Annual Report 2023

CHAIR’S MESSAGE (CONTINUED) ENVIRONMENT, SOCIAL AND GOVERNANCE Our recent focus on improving the Group’s environmental, social and governance (ESG) practices have resulted in a number of key initiatives being implemented and further planned. Our approach as well as progress in FY23 is reported on page 53 of this report. Key highlights include: – AUB Group was recertified as a ‘Great Place to Work’ – Roll-out of AUB Giving (employees contribute pre-tax donations, with AUB Group matching) and Community Day (day of paid volunteer leave to participate in community activities) – Continued support via donations to, and sponsorship of, community and sporting clubs around Australia – Ongoing trusted partner relationships with clients demonstrated by premium retention of 91% With respect to Governance, in FY23 Richard Deutsch joined the board. Richard is a Non-Executive Director and Chair of the Board Audit Committee of Bendigo & Adelaide Bank Limited, Chair of the Movember Foundation and the Stephenson Mansell Group. Previously, Richard was the Chief Executive Officer of Deloitte Australia from 2018 to 2021. Prior to the CEO role, Richard was the Managing Partner of the Audit & Advisory Practice and a member of the Global Audit & Advisory Leadership Team. Richard’s career includes more than 25 years working with PwC, including nine years on PwC’s Australian executive and brings considerable experience in finance and domestic and international insurance auditing to the AUB Board. Post completion of the Tysers acquisition, the business appointed Andrew Kendrick as a Non-Executive Director to the Tysers Board. The AUB Group Board also welcomed Andrew to the Group Board as a Non-Executive Director. Andrew is a former Non-Executive Director of Lloyd’s of London, Lloyd’s Market Association and Russian Reinsurance Co. and has more than 40 years’ experience in the insurance industry in the UK, Europe and Bermuda.

Andrew’s executive career includes leadership positions with Chubb and Ace, culminating in the role of President & Chairman, Chubb European Group. Andrew’s strong knowledge, experience, expertise, and relationships in the London Wholesale Insurance market have added further depth to the AUB Board. Shareholders will be asked to formally elect both Andrew and Richard at the 2023 Annual General Meeting. On 23 August Paul Lahiff retires from the AUB Group Board after almost 8 years as a Non-Executive director. Paul has made an outstanding contribution to the Company during a period of strong growth, particularly in his role as Chair of the Remuneration and People Committee. We wish him every success in the future. CONCLUSION I would like to conclude by thanking all our employees and partners for their contributions during the year. Another strong result in FY23 is testament to their effort, discipline, and commitment to the success of the business. I’d also like to acknowledge the ongoing support from our clients and shareholders who continue to place their trust in our business and look forward to further updating you on our progress at our AGM in November.

David Clarke Chair

AUB GROUP ANNUAL REPORT 2023

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