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Insurance Australia Group Ltd - Stock Quote IAG

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Morningstar's Insurance Australia Group Ltd Stock Analysis

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Insurance Australia Group's Earnings Remain Volatile, but Higher Cash Rates Should Provide a Boost

Nathan Zaia Senior Equity Analyst

Business Strategy and Outlook

| Nathan Zaia |

Insurance Australia Group is a general insurer with around AUD 12.5 billion of annual gross written premiums, operating in Australia and New Zealand. Stakes in a Malaysian and Vietnamese insurer are the only remaining remnants of an abandoned Asia growth strategy. Insurance Australia Group is a custodian of well-known heritage brands which include NRMA, CGU, SGIO, SGIC, Swann Insurance in Australia and State, NZI, AMI, Lumley in New Zealand. Some brands are specific to certain states, but at a group level the insurer carries concentrated weather and earthquake risk in Australia and New Zealand.

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Insurance Australia Group Ltd's Company Profile

Business Description

Insurance Australia Group is the largest domestic general insurer by gross written premium operating in Australia and New Zealand. The key general insurance markets in which IAG operates are home and contents, motor vehicle and compulsory third-party, and short-tail commercial. IAG sells insurance under several brands, including NRMA, CGU, SGIO, SGIC, WFI, and Swann in Australia, and NZI, State, AMI, and Lumley in New Zealand.

Contact
Darling Park, 201 Sussex Street, Level 13, Tower Two
Sydney, NSW, 2000, Australia
T +61 292929222
Sector Financial Services
Industry Insurance - Property & Casualty
Most Recent Earnings
Fiscal Year End Jun 30, 2022
Stock Type
Employees 12,359

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