August 29, 2016 8:53 AM 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 operations in New Zealand. 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

Founded in 2004

Key Executives for IAG Finance New Zealand Ltd.

Chief Financial Officer and Executive Director
Age: 48
Executive Director
Age: 56
Group General Counsel and Company Secretary
Age: 54
Compensation as of Fiscal Year 2016.

IAG Finance New Zealand Ltd. Key Developments

IAG Finance (New Zealand) Limited Reports Audited Earnings Results for the Year Ended June 30, 2016

IAG Finance (New Zealand) Limited reported audited earnings results for the year ended June 30, 2016. For the year, the company’s total interest revenue was AUD 25,822,000 against AUD 27,132,000 a year ago. Net interest income was AUD 1,175,000 against AUD 1,166,000 a year ago. Profit before income tax was AUD 762,000 against AUD 191,000 a year ago. Profit was AUD 570,000 against loss of AUD 1,972,000 a year ago. Net cash flows from operating activities were AUD 12,916,000 compared to AUD 649,000 a year ago.

IAG Finance (New Zealand) Limited Appoints Elizabeth Bryan AM to the Board and Chairman, Effective 31 March 2016

The Board of IAG Finance (New Zealand) Limited has appointed Elizabeth Bryan AM to the Board, and elected her Chairman, effective 31 March 2016. Bryan will replace Brian Schwartz AM, who retires as a Director and Chairman on 31 March 2016. In addition to her roles as Chairman of IAN and IAG, Bryan is also currently Chairman of Virgin Australia (since 2015) and a Director of Westpac Banking Corporation (since 2006). Previous roles include Chairmanship of Caltex Australia Limited and UniSuper Limited.

IAG Finance (New Zealand) Limited Announces Interim Dividend, Payable on February 17, 2016; Announces Earnings Results for the Half Year Ended December 31, 2015

IAG Finance (New Zealand) Limited announced that an interim dividend of $12,800,000 per share was determined by the Board. The dividend will be paid on 17 February 2016. The company announced earnings results for the half year ended December 31, 2015. Total interest revenue was $12,740,000 against $13,605,000 a year ago. Profit before income tax was $404,000 against $595,000 a year ago. Net profit was $310,000 against net loss of $2,074,000 a year ago. Net cash flows from operating activities were $284,000 against $152,000 a year ago.

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