Insurance Australia Group Limited

IAG

AU000000IAG3

Property & Casualty Insurance

Market Closed - Australian S.E. Other stock markets 07:10:11 28/06/2024 BST			5-day change	1st Jan Change
7.14 ^AUD	+7.21%		+5.93%	+26.15%

06-28	IAG Trims Earnings Volatility, Says On Track to Achieve Upper End of Guidance	MT
06-28	Insurance Australia tops benchmark index on reinsurance deals	RE

Insurance Australia Group Limited Updates Earnings Guidance for the Fiscal Year 2024

June 27, 2024 at 10:39 pm

Insurance Australia Group Limited Updated earnings guidance for the fiscal year 2024. For the period, Gross Written Premium (GWP) growth is expected to be consistent with the `low-double digit' guidance.

Latest news about Insurance Australia Group Limited

IAG Trims Earnings Volatility, Says On Track to Achieve Upper End of Guidance	06-28	MT
Insurance Australia tops benchmark index on reinsurance deals	06-28	RE
Transcript : Insurance Australia Group Limited, 2024 Guidance/Update Call, Jun 28, 2024	06-28
Insurance Australia Group Limited Updates Earnings Guidance for the Fiscal Year 2024	06-27	CI
IAG Appoints Robert Cutler as Group General Counsel	04-01	CI
Insurance Australia Group Forecasts Distribution	03-27	MT
Insurance Australia Group Completes AU$350 Million Capital Notes Offer	03-26	MT
Australian Insurers May Further Expand Margins, Morgan Stanley Says	03-07	MT
Australia's corporate regulator asks general insurers to improve claim practices	03-06	RE
Insurance Australia Group Launches Offer to Raise AU$300 Million	03-04	MT
Jarden Research Adjusts Insurance Australia Group’s Price Target to AU$6.40 From AU$6.15, Keeps at Overweight	02-19	MT
IAG's Fiscal First-Half Net Profit Slips; Price Increase Boosts Insurance Profit	02-16	MT
Weak US Retail Sales Data Boost Australian Shares	02-16	MT
Miners, banks lift Australia shares; insurers IAG and QBE fall on profit miss	02-16	RE
Insurance Australia's Shares Fall 4% in Morning Trade on Lower Fiscal H1 Net Profit Despite Revenue Rise	02-16	MT
Insurance Australia Group Limited authorizes a Buyback Plan.	02-15	CI
Transcript : Insurance Australia Group Limited, H1 2024 Earnings Call, Feb 16, 2024	02-15
Insurance Australia Reports 16% Rise in Revenue for Fiscal Half Year FY24; EPS Slips	02-15	MT
Insurance Australia Posts Fiscal H1 FY24 Revenue Up 15.5% to AU$8.69 Billion, Diluted EPS of AU$0.1621; Declares Interim Dividend of AU$0.10 Per Share	02-15	MT
Insurance Australia Group Limited Determines to Pay Interim Dividend, Payable on 27 March 2024	02-15	CI
Insurance Australia Group Limited announces an Equity Buyback for AUD 200 million worth of its shares.	02-15	CI
Insurance Australia Group Limited Reports Earnings Results for the Half Year Ended December 31, 2023	02-15	CI
Insurance Australia Group Places 2024 Catastrophe Reinsurance Program	01-04	MT
Tranche Update on Insurance Australia Group Limited's Equity Buyback Plan announced on October 17, 2022.	12-15	CI
Insurance Australia Group Limited's Equity Buyback announced on October 17, 2022, has closed with 84,690,008 shares, representing 3.46% for $350 million.	12-14	CI

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Company Profile

Insurance Australia Group Limited is a general insurance company in Australia and New Zealand. The Company is engaged in underwriting of general insurance risks and investment management. Its segments include Direct Insurance Australia, Intermediated Insurance Australia and New Zealand. Direct Insurance Australia provides personal lines, and some commercial lines, general insurance products sold directly to customers primarily under the NRMA Insurance brand, SGIO and SGIC brands, the RACV brand in Victoria (via a distribution relationship and underwriting joint venture with RACV), as well as the CGU Insurance and ROLLiNâ Insurance brands. Intermediated Insurance Australia segment provides commercial lines, and some personal lines, general insurance products sold to customers through intermediaries primarily under the CGU Insurance and WFI brands, as well as the Coles Insurance brand via a distribution agreement with Coles. New Zealand segment includes NZI and Lumley Insurance brands.

Sector

Property & Casualty Insurance

Calendar

20/08/2024 - Q4 2024 Earnings Release

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Ratings for Insurance Australia Group Limited

Trading Rating

Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

7.14 AUD

Average target price

6.657 AUD

Spread / Average Target

-6.77%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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