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Last A$5.04 AUD
Change Today -0.01 / -0.20%
Volume 18.9M
As of 2:10 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

insurance australia group (IAG) Snapshot

Open
A$4.99
Previous Close
A$5.05
Day High
A$5.05
Day Low
A$4.95
52 Week High
09/3/14 - A$6.61
52 Week Low
09/2/15 - A$4.95
Market Cap
12.3B
Average Volume 10 Days
18.4M
EPS TTM
A$0.31
Shares Outstanding
2.4B
EX-Date
09/7/15
P/E TM
16.1x
Dividend
A$0.41
Dividend Yield
11.05%
Current Stock Chart for INSURANCE AUSTRALIA GROUP (IAG)

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insurance australia group (IAG) Details

Insurance Australia Group Limited underwrites general insurance products in Australia and internationally. The company operates through Australia Personal Insurance, Australia Commercial Insurance, New Zealand, Asia, and Corporate and Other segments. The company offers personal and commercial insurance products, such as bicycle, comprehensive motor, commercial and motor fleet, commercial property, construction and engineering, consumer credit, CTP, directors’ and officers', extended warranty, farm, crop, livestock, home and contents, income protection, marine, personal and professional indemnity, public and product liability, security, and workers' compensation, as well as niche insurance, such as veteran, vintage and classic car, boat, caravan, and travel insurance products. It also provides commercial and personal liability, business, rural and horticultural, fire, education, family and protection, retirement, healthcare, savings and investment, roadside assistance, and home protection insurance products. The company sells its products directly to customers under the NRMA Insurance, SGIO, SGIC, and RACV brands; and through insurance brokers, representatives, and distribution partners under the CGU, WFI, and Swann insurance brands in Australia. Insurance Australia Group Limited also sells its products directly to customers under the State and AMI brands; through brokers and authorized representatives under the NZI and Lumley Insurance brands; and through corporate partners under third party brands in New Zealand, as well as directly to customers under the Safety and NZI brands in Thailand, and under the AAA name 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$4.3M
Chief Financial Officer
Total Annual Compensation: A$1.9M
Chief Executive of Peronal Insurance
Total Annual Compensation: A$1.9M
Chief Executive of New Zealand
Total Annual Compensation: A$1.8M
Chief Executive of Labs
Total Annual Compensation: A$1.8M
Compensation as of Fiscal Year 2015.

insurance australia group (IAG) Key Developments

Nsurance Australia Group Limited Reports Unaudited Consolidated Earnings Results for the Second Half and Year Ended June 30, 2015

Insurance Australia Group Limited reported unaudited consolidated earnings results for the second half and year ended June 30, 2015. For the year, the company’s gross written premium was AUD 11,440 million against AUD 9,779 million a year ago. Net earned premium was AUD 10,329 million against AUD 8,644 million a year ago. Profit before income tax and amortization was AUD 1,099 million against AUD 1,823 million a year ago. Profit attributable to shareholders of the company was AUD 728 million or 30.45 cents per diluted share against AUD 1,233 million or 53.62 cents per diluted share a year ago. Reported ROE was 11.3% against 21.7% a year ago. Profit after income tax and non-controlling interests (before amortization) was AUD 878 million against AUD 1,254 million a year ago. Cash EPS was AUD 42.33 cents against AUD 59.41 cents a year ago. Underwriting profit was AUD 541 million against AUD 1,140 million a year ago. Cash ROE was 15.3% against 23.0% a year ago. For the second half, the company’s gross written premium was AUD 5,837 million against AUD 4,993 million a year ago. Net earned premium was AUD 5,154 million against AUD 4,324 million a year ago. Profit before income tax and amortization was AUD 346 million against AUD 871 million a year ago. Profit attributable to shareholders of the company was AUD 149 million or 6.51 cents per diluted share against AUD 591 million or 24.32 cents per diluted share a year ago. Reported ROE was 4.6% against 18.5% a year ago. Cash EPS was AUD 14.30 cents against AUD 28.16 cents a year ago. Underwriting profit was AUD 275 million against AUD 469 million a year ago. Profit after income tax and non-controlling interests (before amortization) was AUD 256 million against AUD 602 million a year ago. Cash ROE was 10.3% against 20.4% a year ago.

IAG To Sell Bohai Leasing Stake

Insurance Australia Group Limited (ASX:IAG) intends to sell its stake in Bohai Leasing Co., Ltd. (SZSE:000415). IAG Chief Executive Officer, Mike Wilkins, said the company was seeking a national presence in China and that could involve shedding its stake in regional insurer Bohai. "That [selling out of Bohai] is likely given that in any market we like to have one position rather than competing positions. Until we understand what the opportunities available to us [are], it's hard to be totally definitive but in all likelihood, yes," he said.

Insurance Australia Group Limited Declares Final Dividend Payable on October 7, 2015; Announces Audited Consolidated Final Earnings Results for the Year Ended June 30, 2015

Insurance Australia Group Limited declared final dividend of 16.0 cents per security payable on 7 October 2015 with record date of 9 September 2015. The company announced audited consolidated final earnings results for the year ended June 30, 2015. For the year, the company's premium revenue was AUD 11.5 million compared with AUD 9.7 million a year ago. Net premium revenue was AUD 10.3 million compared with AUD 8.6 million a year ago. Profit before income tax was AUD 0.95 million compared with AUD 1.8 million a year ago. Profit for the year was AUD 0.83 million compared with AUD 1.33 million a year ago. Profit attributable to shareholders of the parent was AUD 0.73 million or 30.45 cents per diluted share compared with AUD 1.2 million or 53.62 cents per diluted share a year ago. Net cash flows from operating activities were AUD 0.7 million compared with AUD 1.1 million a year ago. Outlays for investments and property and equipment were AUD 12.8 million compared with AUD 14.5 million a year ago.

 

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IAG:AU A$5.04 AUD -0.01

IAG Competitors

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AMP Ltd A$5.65 AUD -0.01
Lend Lease Group A$13.51 AUD -0.21
Macquarie Group Ltd A$74.04 AUD -0.41
QBE Insurance Group Ltd A$12.92 AUD +0.01
Suncorp Group Ltd A$12.56 AUD +0.04
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Industry Analysis

IAG

Industry Average

Valuation IAG Industry Range
Price/Earnings 15.8x
Price/Sales 1.0x
Price/Book 1.7x
Price/Cash Flow 15.6x
TEV/Sales 0.7x
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