July 26, 2017 12:46 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 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


New Zealand

Key Executives for IAG Finance New Zealand Ltd.

Chief Financial Officer and Executive Director
Age: 49
Executive Director
Age: 57
Group General Counsel and Company Secretary
Age: 55
Compensation as of Fiscal Year 2017.

IAG Finance New Zealand Ltd. Key Developments

Iag Finance New Zealand Ltd. Determines to Pay Dividend, Payable on 22 February 2017; Reports Earnings Results for the Six Months Ended of December 31, 2016

The board of IAG Finance New Zealand Ltd. has determined to pay a dividend of AUD 500,000 per share. The dividend will be paid on 22 February 2017. The company reported earnings results for the six months ended of December 31, 2016. For the period, the company reported revenue from ordinary activities of AUD 12,066,000 compared to AUD 12,778,000 a year ago. Profit from ordinary activities after tax attributable to shareholders was AUD 262,000 compared to AUD 310,000 a year ago. Net interest income was AUD 598,000 compared to AUD 591,000 a year ago. Net cash flows from operating activities were AUD 516,000 compared to AUD 284,000 a year ago.

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.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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