SDF 0.78% $6.44 steadfast group limited

The vast majority of that represents bundled offerings to the...

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    The vast majority of that represents bundled offerings to the owners of SMEs that form SDF's broker customer base.

    As such, it is really white labeling of commoditised personal insurance products, which attracts very little margin.

    But the essence of the SDF broker shareholder value lies in the 30% broker model EBITA margin, which arises from custom-designing insurance solutions to businesses.

    Trust me, that's where the "smarts" resides.

    .
 
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