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The latest update is out from Insurance Australia Group Limited ( (AU:IAG) ).
Insurance Australia Group Limited (IAG) has upgraded its FY26 financial guidance following the acquisition of the Royal Automobile Club of Queensland’s (RACQ) insurance business. The company now anticipates a 10% growth in gross written premium and an increase in reported insurance profit to between $1,550 million and $1,750 million. This acquisition, which is performing slightly ahead of expectations, aligns with IAG’s strategic growth ambitions and strengthens its market position in Queensland, supporting its targets of a 15% reported insurance margin and return on equity.
The most recent analyst rating on (AU:IAG) stock is a Buy with a A$9.65 price target. To see the full list of analyst forecasts on Insurance Australia Group Limited stock, see the AU:IAG Stock Forecast page.
More about Insurance Australia Group Limited
Insurance Australia Group Limited (IAG) is a leading general insurance group operating in Australia and New Zealand. The company underwrites over $17 billion of insurance premiums annually through various well-known brands such as NRMA Insurance, RACV, RACQI, CGU, and WFI in Australia, as well as NZI, State, AMI, and Lumley in New Zealand.
Average Trading Volume: 5,059,242
Technical Sentiment Signal: Buy
Current Market Cap: A$18.73B
Learn more about IAG stock on TipRanks’ Stock Analysis page.