IAG Targets $25bn Premiums and Double-Digit Returns Under Ambition 2030

An update from Insurance Australia Group Limited ( (AU:IAG) ) is now available.

Insurance Australia Group has unveiled a refreshed Ambition 2030 strategy, targeting more than 11 million customers and over $25 billion in gross written premium by 2030, while reinforcing its position as a leading insurer in Australia and New Zealand. The long-term plan aims for returns on equity above 15 per cent, high single-digit annual EPS growth and top quartile shareholder returns, underpinned by modern technology platforms, deep customer data and a capital-light balance sheet.

Management highlighted four strategic pillars—Customer Obsession, Insurance Excellence, Future Fit Operations and Exceptional People—as the framework for achieving sustainable earnings growth and reduced earnings volatility. The company also pointed to recent alliances with RACQ and RAC as new growth avenues and used its 2026 Investor Day to showcase operational capabilities such as its 24/7 Major Event Command Centre and Automotive Research Centre, underscoring its focus on technological and operational resilience.

The most recent analyst rating on (AU:IAG) stock is a Buy with a A$8.70 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 is a major general insurer operating in Australia and New Zealand, underwriting more than $17 billion in premiums annually. It operates a portfolio of leading brands including NRMA Insurance, RACV, RACQI, CGU, WFI, NZI, State, AMI and Lumley, giving it a strong presence across both retail and intermediated insurance markets.

YTD Price Performance: -7.15%

Average Trading Volume: 7,143,187

Technical Sentiment Signal: Hold

Current Market Cap: A$17.11B

See more insights into IAG stock on TipRanks’ Stock Analysis page.