Last $23.97 USD
Change Today +0.54 / 2.30%
Volume 1.3K
As of 8:10 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

insurance australia-unsp adr (IAUGY) Snapshot

Open
$23.67
Previous Close
$23.43
Day High
$23.97
Day Low
$23.67
52 Week High
09/4/14 - $30.59
52 Week Low
02/18/15 - $22.88
Market Cap
11.2B
Average Volume 10 Days
206.0
EPS TTM
--
Shares Outstanding
468.3M
EX-Date
02/27/15
P/E TM
--
Dividend
$1.01
Dividend Yield
6.86%
Current Stock Chart for INSURANCE AUSTRALIA-UNSP ADR (IAUGY)

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insurance australia-unsp adr (IAUGY) 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-unsp adr (IAUGY) 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-unsp adr (IAUGY) Key Developments

IAG In Talks To Increase Stake In SBI General Insurance

Insurance Australia Group Limited (ASX:IAG) is planning to increase its stake in SBI General Insurance Company Limited from 24% to 49%. Steve Hollow, Deputy Chief Executive Officer of SBI General Insurance, said, "IAG is in talks with State Bank of India (BSE:500112) in this regard. The shareholders’ agreement provide for increasing stakes in the company."

Insurance Australia Group Limited Declares Fully Franked Interim Dividend for the Half Year Ended December 31, 2014, Payable on April 1, 2015

The Board of Insurance Australia Group Limited has determined to pay a fully franked interim dividend of 13.0 cents per ordinary share against 13.0 cents per share, for the half year ended December 31, 2014. This equates to a payout ratio of 46.6% of cash earnings for the period. The interim dividend is payable on April 1, 2015 to shareholders registered as at 5pm on March 4, 2015.

Insurance Australia Group Limited Announces Unaudited Consolidated Financial Results for the Half Year Ended December 31, 2014; Maintains Earnings Guidance for the Fiscal Year 2015

Insurance Australia Group Limited announced unaudited consolidated financial results for the half year ended December 31, 2014. Gross written premium was AUD 5,603 million against AUD 4,786 million a year ago. Net earned premium was AUD 5,154 million against AUD 4,320 million a year ago. Profit before income tax AUD 710 million against AUD 942 million a year ago. Profit for the period attributable to shareholders of the parent was AUD 579 million or 24.08 cents per diluted share against AUD 642 million or 29.56 cents per diluted share a year ago. Net cash flows from operating activities were AUD 290 million compared to AUD 475 million a year ago. Outlays for investments and property and equipment acquired were AUD 8,587 million compared to AUD 6,707 million a year ago. Total revenue was AUD 7,945 million against AUD 6,243 million a year ago. Underwriting profit was AUD 266 million against AUD 671 million a year ago. Profit before income tax and amortisation was AUD 753 million against AUD 952 million a year ago. This increase in gross written premium was mainly attributable to the addition of the former Wesfarmers business. For the year ending 30 June 2015, the group has maintained its reported margin guidance of 13.5-15.5%, and expects GWP growth to be at the lower end of its 17-20% guidance range. Underlying assumptions behind the reported margin guidance are: net losses from natural perils in line with allowance of AUD 700 million; lower prior period reserve releases equivalent to around 2% of NEP; and no material movement in foreign exchange rates or investment markets in the second half of the financial year.

 

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IAUGY:US $23.97 USD +0.54

IAUGY Competitors

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Company Last Change
AMP Ltd A$6.70 AUD +0.07
Lend Lease Group A$17.35 AUD -0.01
Macquarie Group Ltd A$72.86 AUD +1.05
QBE Insurance Group Ltd A$12.99 AUD -0.14
Suncorp Group Ltd A$13.98 AUD +0.04
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Industry Analysis

IAUGY

Industry Average

Valuation IAUGY Industry Range
Price/Earnings 12.3x
Price/Sales 1.3x
Price/Book 2.1x
Price/Cash Flow 11.7x
TEV/Sales 1.1x
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