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General Information

Insurance Australia Group Limited
IAG
http://www.iag.com.au
Property & Casualty Insurance
14,003
2,342

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$5.98 $5.94 $6.00 $5.94 $5.90 7025308 $0.08 ( 1.36% )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Buy
23/04/2015
4

Company Overview

Business Description
Insurance Australia Group Ltd (IAG) is a general insurance group, with operations in Australia, New Zealand, and Asia. Its current business is to sell insurance under several brands including NRMA Insurance, CGU, SGIO, SGIC and Swann Insurance (Australia); NZI, State and AMI Insurance (NZ); and Safety and NZI (Thailand). IAG also has interest in general insurance joint ventures in Malaysia, India and China.
Strategy Analysis
Insurance Australia Group reported NPAT of $461.0m for the half-year ended 31 December 2012. Revenues from ordinary activities were $5.38bn, down 4.3% from the same period last year. Diluted EPS was 21.54 cents compared to 6.91 cents last year. Net operating cash flow was $942.0m compared to $649.0m last year. The interim dividend declared was 11.0 cents compared with 5.0 cents last year.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 1,215.2 51.9 4.9% 11.5 35.0 5.9% 100.0%
2015 F 1,158.8 49.5 -16.7% 12.1 33.0 5.5% 100.0%
2014 A 1,306.0 59.4 5.2% 9.7 39.0 6.8% 100.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
Insurance Aust. Grp. (IAG) $13,816M 0.1193 -0.1509 0.0228 10.5583 12.4341 12.1574 6.61% 5.92% 6.01%
QBE (QBE) $18,672M 0.0000 0.2524 0.2981 20.1088 16.0563 12.3689 3.30% 3.58% 4.52%
Suncorp Group (SUN) $17,601M 0.4864 0.6985 0.0755 23.9538 14.1031 13.1135 5.12% 6.65% 6.36%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.63 12.20 2.13 10.00
Market 0.91 16.80 1.31 2.35
Sector 0.77 19.90 2.13 0.86

Directors

Name Position Start Date
Mr Michael J Wilkins Chief Executive Officer, Managing Director 26/11/2007
Mr Brian Martin Schwartz Non-Executive Chairman 01/01/2005
Ms Elizabeth Bloomfield Bryan Non-Executive Director 05/12/2014
Ms Catriona Alison Deans Non-Executive Director 01/02/2013
Mr Hugh Alasdair Fletcher Non-Executive Director 01/09/2007
Mr Thomas (Tom) William Pockett Non-Executive Director 01/01/2015
Ms Yasmin Anita Allen Non-Executive Director 10/11/2004
Mr Philip J Twyman Non-Executive Director 09/07/2008
Mr Siang (Raymond) Keat Lim Non-Executive Director 01/02/2013

Management

Name Position
Taryn Leigh Morton Additional Company Secretary
Duncan Brai Chief Executive Officer, Asia
Andy Cornish Chief Executive Officer, Australia Direct
Peter Harmer Chief Executive Officer, CGU
Jacki Johnson Chief Executive Officer, New Zealand
Nicholas Hawkins Chief Financial Officer
Justin Breheny Chief Risk Officer
Leona Murphy Chief Strategy Officer
Chris Bertuch Company Secretary

Calendar of Events

Date Event
17 February 2016 Report (Interim)
18 August 2015 Report (Prelim)
18 August 2015 Report (Annual)
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