Insurance Australia Group Ltd
5.50
EUR
0.00
(0.00%)
ISIN
AU000000IAG3
Return %
Stock
S&P 500
1Y
26.15
14.20
3Y
59.88
81.12
5Y
68.71
68.34
Capital Structure
AUD
•
in mil. unless spec.Working Capital
AUD
•
in mil. unless spec.Growth Rates
AUD
•
in mil. unless spec.Semi-annual Revenue
AUD
•
in mil. unless spec.Semi-annual Earnings Per Share
AUD
•
in mil. unless spec.Semi-annual Dividends Per Share
AUD
•
in mil. unless spec.Company Description
- CEO
- Nicholas Barrie Hawkins
- Full Time Employees
- 11,999
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Tower Two Sydney NSW Australia 2000
- IPO Date
- Aug 8, 2000
- Website
- iag.com.au
- Similar Companies
- Business
- Insurance Australia Group Limited (IAG) operates as the largest general insurance company in Australia and New Zealand, providing a comprehensive range of general insurance products and investment management services. The company’s product portfolio includes short-tail insurance such as motor vehicle; home and contents; lifestyle and leisure including boat, veteran and classic car, and caravan; business packages; farm; commercial motor; commercial property; fleet motor; construction and engineering; rural; marine; and niche insurance products. It also offers long-tail insurance products including professional indemnity; compulsory third party (motor injury liability); workers’ compensation; directors’ and officers’ liability; public and products liability; and various commercial liability insurance products. The company markets its products under multiple well-known brands including NRMA Insurance, CGU, ROLLiN, WFI, Swann Insurance, NZI, State, AMI, and Lumley Insurance. It distributes products through branches, agencies, call centers, online platforms, insurance brokers, authorized representatives, motor dealerships, and financial institutions. IAG maintains significant operations in Australia and New Zealand with a presence in five additional countries across Asia. It was founded in 2000 following the demutualization of NRMA Insurance and is headquartered in Sydney, Australia. In recent years, IAG has implemented major operational and strategic initiatives, including a cooperative 70% ownership in Insurance Manufacturers of Australia Pty Limited operating the RACV Insurance brand in Victoria. The company has upgraded its governance and compliance frameworks, notably executing a comprehensive remediation program to address and rectify historical workplace compliance issues, including the repayment of over $21 million in back wages following an enforceable undertaking with the Fair Work Ombudsman in 2024. IAG is actively enhancing its product offerings and distribution channels, supported by sustained growth in gross written premiums and improved underwriting margins as of the 2024-2025 fiscal period. Furthermore, IAG is executing a strategy to strengthen its market positioning through brand consolidation and policy portfolio management, exemplified by recent court-approved transfers of commercial insurance policies to its CGU brand. In regulatory terms, the company is adapting to evolving Australian insurance laws, including adopting the Financial Accountability Regime and complying with workers’ compensation reforms. These initiatives reflect IAG’s commitment to sustainable long-term growth, improved corporate governance, and enhanced customer outcomes. Industry-wise, IAG serves the general insurance and investment management sectors, targeting retail, commercial, and corporate customers in Australia, New Zealand, and Asia. The company employs approximately 13,650 individuals across its businesses and subsidiaries, such as IAG New Zealand Ltd. and IAG Asset Management Ltd. Its operational scope spans personal, commercial, rural, and specialty insurance segments. IAG continues to focus on innovation in product design, risk management, and digital distribution to maintain its leadership in the Australasian insurance market. The group’s strategy includes leveraging its diversified brand portfolio and expanding investment advisory services to drive shareholder value and operational resilience. This combination of diversified product offerings, strategic partnerships, recent compliance enhancements, and active portfolio management positions Insurance Australia Group Limited as a leading integrated insurer and investment manager in its core markets with strong growth and governance foundations.
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