Insurance Australia Group Ltd
ASX:IAG

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Insurance Australia Group Ltd
ASX:IAG
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Price: 8.5 AUD -0.47% Market Closed
Market Cap: 20.1B AUD
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Insurance Australia Group Ltd
Investor Relations

Insurance Australia Group Ltd. (IAG) stands as one of the pillars of the insurance industry in Australia and New Zealand. Founded in 2000 through a series of strategic mergers and acquisitions, IAG has carved out a dominant position by offering a diverse portfolio of insurance products that range from personal and commercial insurance to niche and specialty coverages. The company's operations are primarily housed under its well-known brands, including NRMA Insurance, CGU, and SGIO, which have helped cement its reputation and trust among consumers. IAG leverages its extensive network and deep understanding of risk management to underwrite policies that protect against potential losses. Its core revenue streams come from the premiums paid by customers in exchange for protection against various risks, such as accidents, fire, theft, and natural disasters. This balance of risk and protection is the heart of IAG’s business model.

Earning profit in the insurance world hinges on astute risk assessment and management. IAG generates income not only through the premiums but also by carefully investing the premiums until they are needed to pay claims. The group relies on actuarial analyses to predict claims, allowing it to set premiums at levels that cover potential payouts while providing a margin for profit. When the actual claims fall below the premiums collected, IAG reaps an underwriting profit. Moreover, the capital from these premiums is invested in a diversified portfolio of equities, bonds, and other financial instruments, generating additional investment income. This dual-income strategy – underwriting profits complemented by investment returns – showcases how IAG navigates the complexities of the insurance landscape, balancing risks with financial prudence to ensure sustainable growth.

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Earnings Calls

No Earnings Calls Available

Management

Mr. Nicholas B. Hawkins B.Com., CA, F.C.A.
MD, CEO & Executive Director
No Bio Available
Mr. William Rufus Benjamin McDonnell
Chief Financial Officer
No Bio Available
Mr. Neil Morgan B.Sc.
Chief Operating Officer
No Bio Available
Mr. Robert Cutler
Group General Counsel
No Bio Available
Ms. Christine Stasi B.A.
Group Executive of People, Performance & Reputation
No Bio Available
Ms. Julie Batch
CEO of NRMA Insurance
No Bio Available
Mr. Jarrod Hill
CEO of CGU & WFI
No Bio Available
Mr. Peter John Taylor B.Com.
Group Chief Risk Officer
No Bio Available
Ms. Amanda G. Whiting
Chief Executive of New Zealand
No Bio Available
Ms. Amanda Wallace
Head of Corporate Communications
No Bio Available

Contacts

Address
NEW SOUTH WALES
Sydney
Darling Park, Twr Two, L 13 201 Sussex Street
Contacts
+61292929222.0
www.iag.com.au