Top Page
Insurance Australia Group Limited
(OTC:IAG)
Insurance Australia Group Limited (IAG) vs. S&P 500 (SPY)
Insurance Australia Group Limited Business Overview & Revenue Model
Insurance Australia Group Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 16.83B | 15.99B | 8.93B | 8.27B | 7.99B | 7.84B | Gross Profit |
| 16.94B | 15.99B | 8.93B | 8.27B | 7.99B | 7.84B | EBIT |
| 16.69B | 15.79B | 1.51B | 640.00M | -334.00M | 579.00M | EBITDA |
| 2.42B | 1.68B | 1.69B | 779.00M | -67.00M | 776.00M | Net Income Common Stockholders |
| 1.27B | 898.00M | 832.00M | 347.00M | -427.00M | 435.00M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.70B | 631.00M | 1.35B | 938.00M | 2.00B | 2.30B | Total Assets |
| 25.17B | 25.62B | 35.03B | 34.16B | 33.46B | 29.62B | Total Debt |
| 2.50B | 2.94B | 2.64B | 2.58B | 2.57B | 2.18B | Net Debt |
| 793.00M | 1.10B | 1.28B | 1.65B | 574.00M | -117.00M | Total Liabilities |
| 17.71B | 18.50B | 27.98B | 27.66B | 26.90B | 23.27B | Stockholders Equity |
| 7.01B | 6.66B | 6.65B | 6.16B | 6.25B | 6.08B |
| Cash Flow | Free Cash Flow | ||||
| 1.03B | 1.16B | 452.00M | -526.00M | -799.00M | 381.00M | Operating Cash Flow |
| 1.32B | 1.80B | 452.00M | 900.00M | 1.61B | 381.00M | Investing Cash Flow |
| -136.00M | -628.00M | 394.00M | -1.46B | -2.42B | 1.57B | Financing Cash Flow |
| -1.15B | -682.00M | -437.00M | -527.00M | 516.00M | -1.32B |
Insurance Australia Group Limited Technical Analysis
Insurance Australia Group Limited Peers Comparison
Insurance Australia Group Limited Corporate Events
Insurance Australia Group Limited has announced the appointment of JoAnne Maree Stephenson as a director, effective May 12, 2025. The initial director’s interest notice indicates that Stephenson currently holds no securities in the company, suggesting a fresh perspective and potential strategic shifts in the company’s governance.
Insurance Australia Group Limited has announced the issuance of 67,590 ordinary fully paid securities, effective from March 31, 2025. This move is part of the company’s ongoing efforts to manage its equity structure, potentially impacting its market positioning and offering implications for stakeholders in terms of equity distribution and company valuation.
Insurance Australia Group Limited announced the cessation of certain securities due to unmet conditions, impacting a total of 215,810 performance and award rights. This development may affect the company’s capital structure and reflects the challenges in meeting performance criteria, potentially influencing stakeholder perceptions and market positioning.
Insurance Australia Group Limited (IAG) has appointed JoAnne Stephenson as an Independent Non-Executive Director to its Board, effective May 12, 2025. Stephenson brings extensive experience in financial services, risk management, and governance, enhancing the board’s capabilities in guiding IAG’s strategic direction. Her appointment is expected to strengthen IAG’s board with her expertise in finance and transformational change, potentially impacting the company’s operations and industry positioning positively.
Insurance Australia Group Limited has announced a new dividend distribution for its security IAGPF, with a distribution amount of AUD 1.4504. The payment will be made on June 16, 2025, following the record date of June 4, 2025. This announcement reflects the company’s ongoing financial strategies and impacts stakeholders by providing returns on investments, aligning with market expectations.
Insurance Australia Group Limited has announced a new dividend distribution for its CAP NOTE 3-BBSW+3.50% PERP NON-CUM RED T-06-29 security. The distribution amount is set at AUD 1.51, with a payment date of June 16, 2025. This announcement reflects IAG’s ongoing commitment to providing returns to its investors, potentially enhancing its attractiveness to stakeholders and reinforcing its market position.
Insurance Australia Group Limited has announced a change in the director’s interest, specifically regarding Thomas William Pockett, who acquired 1,705 fully paid ordinary shares through the company’s Dividend Reinvestment Plan. This change reflects the director’s increased stake in the company, potentially signaling confidence in the company’s future performance and aligning the director’s interests with those of shareholders.
IAG has provided an update on its response to ex-Tropical Cyclone Alfred, which impacted South East Queensland and Northern New South Wales. The company has received over 4,000 claims related to property damage and has mobilized its resources to assist affected customers. IAG has increased its claims team and is utilizing its Partner Builder Network to expedite recovery efforts. The company is also offering temporary accommodation, emergency financial assistance, and mental health support to those affected. Additionally, IAG has a robust reinsurance program in place to manage losses, including quota share reinsurance and catastrophe cover.
Insurance Australia Group Limited has announced a change in the director’s interest, with Wendy Thorpe acquiring 40 additional fully paid ordinary shares through the company’s Dividend Reinvestment Plan. This change reflects a modest increase in her direct holdings, bringing the total to 2,635 shares directly held, while her indirect holdings remain unchanged. The announcement is part of regular disclosures to the ASX and does not indicate any significant shift in the company’s strategic direction or operations.
Insurance Australia Group Limited (IAG) has activated its Major Event Response and Natural Perils teams in anticipation of Tropical Cyclone Alfred, which is expected to impact South East Queensland and Northern New South Wales. IAG’s CEO, Nick Hawkins, emphasized the importance of safety and following emergency authorities’ advice. The company is prepared to assist affected customers with claims, temporary accommodation, and emergency financial assistance. IAG also highlighted its robust reinsurance program, including a Federal Government Cyclone Reinsurance Pool and various covers, to manage potential losses effectively.
Insurance Australia Group Limited (IAG) announced the issuance of A$500 million in Tier 2 subordinated unsecured notes in Australia. These notes, which may convert into ordinary shares under certain conditions, are intended to be freely tradeable without further disclosure. This move is part of IAG’s strategy to bolster its Tier 2 Capital, though it is not expected to materially impact the company’s financial position. The conversion of these notes would reduce IAG’s liabilities and increase shareholders’ equity, reflecting a strategic financial maneuver to enhance capital structure.
Insurance Australia Group Limited has updated its previous announcement regarding its dividend distribution, specifically including details about the Dividend Reinvestment Plan (DRP) volume weighted average price and the securities issue date. This update reflects the company’s ongoing commitment to shareholder value and provides clarity on the financial aspects of the dividend distribution, potentially impacting investor decisions and market perceptions.
Insurance Australia Group Limited (IAG) has successfully priced A$500 million in subordinated notes, which are set to be issued on March 5, 2025, and are expected to qualify as Tier 2 Capital under the Australian Prudential Regulation Authority’s capital adequacy framework. This move is likely to strengthen IAG’s capital base, enhancing its financial stability and potentially improving its market position, while offering investors a quarterly interest at a floating rate.
Insurance Australia Group Limited (IAG) has announced plans to issue a new A$ Tier 2 subordinated note to wholesale investors, aiming to raise subordinated debt that qualifies as Tier 2 Capital under the Australian Prudential Regulation Authority’s capital adequacy framework. This strategic move is expected to bolster IAG’s capital position, offering a floating rate issue with specific terms regarding maturity, redemption, and conversion. The announcement underscores IAG’s proactive approach to managing its capital structure, potentially impacting its financial stability and stakeholder confidence.
Insurance Australia Group Limited (IAG) reported that its half-year results for the period ended 31 December 2024 aligned with market expectations, particularly after accounting for favorable natural perils and business interruption provision adjustments. The company’s reported insurance profit exceeded forecasts, with a margin of 19.4% compared to the guidance of 13.5% to 15.5%, and a gross written premium growth of 6.0%, consistent with ‘mid-to-high single digit’ guidance. While the net profit after tax was higher than analyst expectations due to a specific provision release, IAG maintained that there were no material differences from market forecasts.
Insurance Australia Group Limited announced a correction to its previously declared dividend distribution, specifying that the unfranked amount per ordinary share is now considered conduit foreign income. This update, which applies to the financial period ending December 31, 2024, impacts stakeholders by clarifying the nature of the dividend income, potentially influencing the tax implications for international investors.
IAG has released its updated calendar of key dates for 2025, outlining important financial events including the half-year and full-year results, interim and final dividend dates, and the Annual General Meeting. These dates will guide stakeholders in planning around the company’s financial disclosures and dividend distributions, although they remain subject to change and will be updated via the ASX if necessary.
Insurance Australia Group Limited (IAG) has announced a new dividend distribution for its security holders, with a distribution amount of AUD 1.5191. The distribution, which corresponds to a quarter period ending on March 16, 2025, will be paid on March 17, 2025. The franking rate for this distribution is set at 60%, and the total distribution rate per annum, adjusted for franking, is 6.0931%. This announcement reflects IAG’s financial health and commitment to providing returns to its investors.
Insurance Australia Group Limited has announced a new dividend distribution for its security, CAP NOTE 3-BBSW+3.50% PERP NON-CUM RED T-06-29, with a distribution amount of AUD 1.5786. The payment date is set for March 17, 2025, with a record date of March 5, 2025, and an ex-date of March 4, 2025. The distribution rate, adjusted for the franking rate, stands at 6.3317% per annum, reflecting a strong financial position and commitment to shareholder returns.
Insurance Australia Group Limited (IAG) has released its financial results for the half-year ended 31 December 2024. The announcement provides insights into the company’s current financial standing and highlights the strategic initiatives that IAG is undertaking to navigate various economic uncertainties. The release emphasizes the company’s need to remain adaptable to unforeseen challenges while pursuing its strategic goals, which could have implications for stakeholders and market conditions.
Insurance Australia Group Limited (IAG) announced a significant increase in its financial performance for the first half of the 2025 financial year, with a net profit after tax of $778 million, primarily driven by favorable weather conditions, strong market investments, and a release from the COVID Business Interruption provision. The company emphasizes its commitment to supporting customers and communities, improving claims management, and enhancing customer satisfaction and resilience, especially in the face of extreme weather events. IAG’s strategic initiatives, including partnerships and investments in technology, are aimed at fostering future growth and minimizing the impact of premium increases on customers facing financial hardship.
Insurance Australia Group Limited has announced a new dividend distribution for its ordinary fully paid shares. The dividend amount is set at AUD 0.12 per share, with key dates including an ex-date of February 18, 2025, a record date of February 19, 2025, and a payment date of March 7, 2025. This announcement reflects the company’s ongoing commitment to returning value to its shareholders.
Insurance Australia Group Limited reported a substantial increase in its financial performance for the half year ending 31 December 2024, with revenue from ordinary activities rising by 4% to $9,036 million and net profit after tax surging by 91.2% to $778 million compared to the previous year. The company announced an interim dividend of 12.0 cents per share and highlighted that its Dividend Reinvestment Plan will involve acquiring shares on-market without a discount, reflecting a robust operational performance that positions IAG strongly within its market.