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Last A$6.02 AUD
Change Today -0.08 / -1.31%
Volume 9.2M
As of 1:10 AM 03/30/15 All times are local (Market data is delayed by at least 15 minutes).

insurance australia group (IAG) Snapshot

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Day High
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52 Week High
09/3/14 - A$6.61
52 Week Low
04/14/14 - A$5.45
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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insurance australia group (IAG) Details

Insurance Australia Group Limited is engaged in underwriting general insurance in Australia, New Zealand, and Asia. It offers personal and commercial insurance products, such as comprehensive motor, commercial motor, commercial property, construction and engineering, consumer credit, CTP, directors and officers', extended warranty, farm, crop, livestock, home and contents, income protection, marine, professional indemnity, public and product liability, and workers' compensation, as well as niche insurance, such as veteran, vintage and classic car, boat, caravan, and travel insurance products. The company’s products also comprise commercial liability, personal liability, rural and horticultural, fire, education, family and protection, retirement, healthcare, savings and investment, roadside assistance, and home protection insurance products. Insurance Australia Group Limited sells its products directly to customers under the NRMA Insurance, SGIO, SGIC, and RACV brands; and through insurance brokers, authorized representatives, and distribution partners under the CGU, Lumley Insurance, WFI, and Swann insurance brands in Australia. It also sells its products directly to customers under the State and AMI insurance brands, as well as through brokers and agents under the NZI and Lumley Insurance brands and corporate partners under third party brands in New Zealand; the Safety and NZI brands in Thailand; the AmAssurance and Kurnia brands in Malaysia; Bohai Insurance in China; SBI General in India; and AAA in Vietnam. The company was formerly known as NRMA Insurance Group Limited and changed its name to Insurance Australia Group Limited in 2002. Insurance Australia Group Limited was founded in 1925 and is based in Sydney, Australia.

Founded in 1925

insurance australia group (IAG) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$3.9M
Chief Financial Officer
Total Annual Compensation: A$1.7M
Chief Executive of Commercial Insurance
Total Annual Compensation: A$1.7M
Chief Executive of New Zealand
Total Annual Compensation: A$1.6M
Chief Executive of Peronal Insurance
Total Annual Compensation: A$1.3M
Compensation as of Fiscal Year 2014.

insurance australia group (IAG) Key Developments

IAG To Up Stake In Joint Venture With SBI

Insurance Australia Group Limited (ASX:IAG) will raise its stake to the maximum allowed 49% in a general insurance joint venture with State Bank of India, the lender said, following rule changes earlier this month. IAG currently owns 26% of SBI General Insurance Company Limited, with State Bank of India (BSE:500112), holding 74%. After the deal, SBI's stake in the venture will fall to 51%, it said. SBI said in its regulatory filing that the executive committee of its central board had decided to begin the process, including the appointment of a valuer to decide on the price of shares in the unlisted general insurer.

Insurance Australia Group Limited Announces Changes to Executive Team

Insurance Australia Group (IAG) Managing Director and CEO, Mr. Mike Wilkins, announced changes to IAG's executive team effective 31 March 2015. IAG Chief Executive Commercial Insurance, Mr. Peter Harmer, will lead the Group's digital strategy over 2015. Chief Commercial Officer for IAG's Commercial Insurance business, Mr. Ben Bessell, will step into Mr. Harmer's role as acting Chief Executive Commercial Insurance. Ms. Leona Murphy will resume the role of Chief Strategy Officer while retaining her current responsibility for managing the program to move to the new operating model and integrating the former Wesfarmers insurance business. IAG's Chief Risk Officer, Mr. Justin Breheny, will retire in April with acting Chief Strategy Officer, Mr. Clayton Whipp, appointed to the role. Mr. Wilkins said the appointments reflect the company's continuing focus on delivering on its business strategy over the longer-term.

Insurance Australia Group Limited Presents at 12th Annual Australia & New Zealand Investment Conference, Mar-09-2015

Insurance Australia Group Limited Presents at 12th Annual Australia & New Zealand Investment Conference, Mar-09-2015 . Venue: The Corinthia Hotel, 10 Whitehall Place, London SW1A 2BD, United Kingdom. Speakers: Jacki S. Johnson, Chief Executive of New Zealand, Michael John Wilkins, Chief Executive Officer, Managing Director and Executive Director, Simon Phibbs, Head of Investor Relations.


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Industry Average

Valuation IAG Industry Range
Price/Earnings 12.2x
Price/Sales 1.3x
Price/Book 2.0x
Price/Cash Flow 11.6x
TEV/Sales 1.1x

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