8.94
+0.34%
Close of 9 Nov 2026, in AUD
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About Insurance Australia Group
Its shares trade on ASX under the ticker IAG.AX. It has been listed since 8 August 2000. In the fiscal year to 30 June 2026, it reported net income of A$1.02bn. At that date it held total assets of A$27.60bn and shareholders' equity of A$7.23bn.
Insurance Australia Group Ltd. engages in underwriting of general insurance and related corporate services. The company is headquartered in Sydney, New South Wales. The company went IPO on 2000-08-08. The firm's divisions include Australia, New Zealand, and Corporate and others. The Australia division provides general insurance products to both individuals and businesses in Australia. The Australian division provides consumer insurance products through branches, call centers, the Internet and representatives. The Australian division also includes travel insurance, life insurance and income protection products which are underwritten by third parties. The New Zealand division is the general insurance provider in both the direct and broker/agent channels. The New Zealand division provides insurance products directly to customers, primarily under the State and AMI brands, and indirectly through insurance brokers and agents, under the NZI and Lumley Insurance brands.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Financials
- Industry
- Insurance
- Listed since
- 8 Aug 2000
- Employees
- 13,650
- Website
- iag.com.au ↗
Leadership
Pay as last reported
- Mr. Thomas PockettNon-Executive Independent Chairman of the BoardA$762,000
- Mr. Nicholas HawkinsGroup Chief Executive Officer, Managing Director, Executive Director, since 2006A$3.4m
- Mr. William McdonnellChief Financial OfficerA$902,000
- Ms. Amanda WhitingChief Executive - IAG New ZealandA$1.5m
- Mr. Neil MorganChief Operating OfficerA$1.6m
- Mr. Peter TaylorGroup Chief Risk OfficerA$1.4m
- Mr. Robert CutlerGroup General CounselA$200,000
- Ms. Julie BatchGroup Executive, Direct Insurance AustraliaA$1.6m
- Mr. Jarrod HillGroup Executive, Intermediated Insurance AustraliaA$1.7m
- Ms. Christine StasiGroup Executive People, Performance and ReputationA$1.5m
- Ms. Penelope MacraeGroup Company Secretary
- Mr. Simon AllenIndependent Non-Executive DirectorA$381,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 67
- Environment
- 45
- Social
- 81
- Governance
- 76
- Direct emissions (scope 1)
- 5,617 t
- Energy emissions (scope 2)
- 9,729 t
- Value chain emissions (scope 3)
- 10,761 t
- Women in the workforce
- 60%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Insurance Australia Group Ltd (IAG) has several strengths that contribute to its success in the insurance industry. Firstly, it has a strong brand presence in the Australian and New Zealand markets, which helps build trust and credibility among customers. Secondly, IAG has a diverse portfolio of insurance offerings, including motor, home, and business insurance, allowing it to cater to a wide range of customer needs. This diversification helps mitigate risks associated with fluctuations in specific insurance segments. Additionally, IAG benefits from a strong distribution network and strategic partnerships with brokers and agents, enabling it to reach a large customer base effectively.
Weaknesses
- Despite its strengths, IAG also faces certain weaknesses that it must address. One major weakness is its exposure to natural disasters, such as floods, bushfires, and storms. These events can result in significant insurance claims and impact the company's profitability. Additionally, IAG operates in a highly regulated industry, which creates hurdles in terms of compliance with various regulatory requirements. This can increase administrative costs and restrict flexibility in decision-making. Furthermore, IAG's heavy reliance on its Australian and New Zealand markets can make it vulnerable to economic downturns or regulatory changes in those regions.
Opportunities
- IAG has several opportunities for growth and expansion. One opportunity lies in expanding its presence in emerging markets, such as Asia-Pacific, where insurance penetration is relatively low compared to developed markets. By tapping into these markets, IAG can capitalize on the growing middle class and rising demand for insurance products. Additionally, there is a growing trend towards digitalization and online purchasing of insurance, presenting an opportunity for IAG to enhance its digital capabilities and offer innovative digital solutions to customers. Moreover, with the increasing focus on sustainability and climate change, IAG can develop new insurance products and services that cater to the evolving needs of environmentally conscious consumers.
Threats
- IAG faces various threats that could affect its business operations. One significant threat is increased competition within the insurance industry. With the presence of both domestic and international players, IAG needs to continuously differentiate its offerings and maintain competitive pricing to retain its market share. Furthermore, the ongoing technological advancements and disruption in the insurance sector pose a threat to traditional business models. Insurtech startups and digital platforms can potentially disrupt the distribution channels and customer relationships of established insurers like IAG. Lastly, the uncertain economic conditions and geopolitical risks in global markets can impact IAG's investments and financial performance.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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