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April 21, 2015 11:46 PM ET

Diversified Financial Services

Company Overview of IAG Finance New Zealand Ltd.

Company Overview

IAG Finance (New Zealand) Limited manages various treasury functions of Insurance Australia Group Limited’s New Zealand operations. It also issues reset exchangeable securities publicly traded on the Australian Securities Exchange to external investors, as well as loans. The company is based in Auckland, New Zealand. IAG Finance (New Zealand) Limited is a subsidiary of Insurance Australia Group Limited.

NZI Centre

Level 1

1 Fanshawe Street

Auckland,  

New Zealand

1 Employees

Key Executives for IAG Finance New Zealand Ltd.

Chief Financial Officer and Executive Director
Age: 47
Executive Director, Chief Executive Officer of Insurance Australia Group Limited and Managing Director of Insurance Australia Group Limited
Age: 58
Company Secretary
Age: 52
Executive General Manager
Compensation as of Fiscal Year 2014.

IAG Finance New Zealand Ltd. Key Developments

IAG Finance New Zealand Ltd. Announces Unaudited Financial Results for the Half Year Ended December 31, 2014

IAG Finance New Zealand Ltd. announced unaudited financial results for the half year ended December 31, 2014. Total interest revenue was AUD 13,605,000 against AUD 13,443,000 a year ago. Net interest income was AUD 956,000 against AUD 813,000 a year ago. Profit before income tax was AUD 595,000 against AUD 659,000 a year ago. Loss for the period was AUD 2,074,000 against profit of AUD 494,000 a year ago. Net cash flows from operating activities were AUD 152,000 compared to AUD 491,000 a year ago.

IAG Finance New Zealand Ltd. Reports Audited Earnings Results for the Year Ended June 30, 2014

IAG Finance New Zealand Ltd. reported audited earnings results for the year ended June 30, 2014. For the year, the company reported total interest revenue of AUD 26,846,000 compared to AUD 29,773,000 reported in the same period last year. Net interest income was AUD 1,124,000 against AUD 1,661,000 reported last year. Profit before income tax was AUD 627,000 against AUD 1,431,000 reported last year. Loss was AUD 1,691,000 against profit of AUD 1,092,000 reported last year. Net cash flows from operating activities were AUD 852,000 against AUD 843,000 reported last year.

IAG Finance New Zealand Ltd. Reports Audited Earnings Results for the Year Ended June 30, 2013; Declares Dividend Payable on August 22, 2013

IAG Finance New Zealand Ltd. reported audited earnings results for the year ended June 30, 2013. For the year, the company reported total interest revenue of AUD 29,773,000 compared to AUD 35,096,000 reported in the same period last year. Net interest income was AUD 1,661,000 against AUD 1,670,000 reported last year. Profit before income tax was AUD 1,431,000 against AUD 1,278,000 reported last year. Profit attributable to shareholders was AUD 1,092,000 against AUD 932,000 reported last year. Net cash flows from operating activities was AUD 843,000 against AUD 966,000 reported last year. On 22 August 2013, a final dividend of AUD 500,000 per share was determined by the board of IAG Finance New Zealand Ltd. The dividend will be paid on 22 August 2013.

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