NRI was founded in 2001 by the like-minded, visionary owners of 10 independent businesses.

They were concerned with the growing corporatisation and inevitable polarisation (Corporate V Independent) of Australia’s rural merchandising industry. NRI began with.

2002

Shareholder numbers grow three-fold to 32 

Publicity campaign begins in Rural Business magazine 

NRI net loss of $172,813.

2003

NRI net assets $12,813. 

NRI delivers maiden profit. 

Shares revalued from $1 to $1.60 each 

Shareholder numbers = 40

2005

  • NRI debt free
  • 15.8% return on assets
  • Working capital ratio of 5:1
  • NRI delivers 60% profit rise
  • Shares revalued from $1.60 to $2.40 each
  • Shareholder numbers = 55

 

2008

NRI purchased Bundoora office building, without debt and concept of independence discussed with 9 Shareholders.

2010

Indepet Ltd incorporated on June 22 as an unlisted public company, with 9 Shareholders and funded by Shareholder working capital loans.
  • Grant McShane appointed Group CEO 
  • Wendy Rowe appointed Group General Manager of Operations
  • Blair Collins appointed National Business Manager
  • Grant McShane and Adroit Ballarat entered into a referral agency agreement (preceding NRIG)

2012

  • Developed New Zealand Iindependent Shareholding
  • NRIG Working Committee meeting
  • NRI inaugural board directors James Bawden and Rod Southwood retire

2013

  • National Rural Insurance Group Pty Ltd incorporated
  • NRIG commences trading with initial insurance book of $100,000-plus (from referral agency)
  • Grant McShane appointed Group CEO
  • Wendy Rowe appointed Group General Manager of Operations 
  • T Hately appointed as National Business Manager

 

2016

  • NRI holds 13% national market share 
  • Shareholder numbers have grown in excess of 120 
  • 22% growth year on year for 15 years.
  • Total Dividends paid to Shareholders in 2016 = $555,000. 
  • Turnover in excess of $600 million

2019

  • Dividends on Ordinary Shares $0.55

NRI Today

Indepet Ltd incorporated on June 22 as an unlisted public company, with 9 Shareholders and funded by Shareholder working capital loans.
  • Grant McShane appointed Group CEO 
  • Wendy Rowe appointed Group General Manager of Operations
  • Blair Collins appointed National Business Manager
  • Grant McShane and Adroit Ballarat entered into a referral agency agreement (preceding NRIG)