Insurance Australia Group Limited engages in underwriting general insurance, related corporate services, and investing activities. The company operates in the Australia, New Zealand, the United Kingdom, and Asia (principally Thailand) general insurance industries. Segments Australia Direct Insurance This segment comprises insurance products distributed through a network of branches, franchises and country service centres throughout Australia, as well as call centres and online facilities using the NRMA Insurance, SGIO and SGIC brands, as well as via a distribution relationship and underwriting joint venture with RACV Limited. The Internet brand, The Buzz, is included in this segment. The segment includes an allocation of the IAG Group’s captive reinsurance operation. Australia Intermediated Insurance This segment comprises insurance products primarily sold under the CGU and Swann insurance brands through insurance brokers, authorized representatives, and distribution partners. The segment includes an allocation of the IAG Group’s captive reinsurance operation. New Zealand Insurance This segment comprises the general insurance business underwritten through subsidiaries in New Zealand. The insurance products are sold directly to customers using the State brand, and through intermediaries, such as brokers and agents using the NZI brand. Personal and commercial products are also distributed by corporate partners, such as large financial institutions, using third party brands. The segment includes an allocation of the company’s captive reinsurance operation. United Kingdom Insurance This segment comprises the general insurance underwriting and broker distribution services operating through subsidiaries in the United Kingdom. The underwriting business, Equity Red Star operates through a Lloyd’s syndicate. The segment includes an allocation of the IAG Group’s captive reinsurance operation. Asia Insurance This segment comprises primarily the direct insurance business underwritten through subsidiaries in Thailand and the investment in an associate in Malaysia. The businesses offer personal and commercial insurance products through local brands. The segment includes an allocation of the IAG Group’s captive reinsurance operation.
insurance australia group
(IAG:Australian Stock Exchange Ltd)
388 George Street
Sydney, NSW 2000
Phone: 61 2 9292 9222
Fax: 61 2 9292 8072www.iag.com.au
|DNB ASA||107.50 NOK||-1.70|
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