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Insurance Australia Group Limited (ASX: IAG) - Financials

Current share price for IAG : $6.450 0.08 (1.26%)

Insurance Australia Group Ltd (IAG) is a general insurance group, with operations in Australia and New Zealand. The Group provides a range of personal and commercial insurance products, primarily motor vehicle and home insurance.

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IAG Per Share

Year to Jun Sales Cashflow Earnings Dividends Franking Book Value Average
Annual P/E		 Relative P/E Shareholder Return
2023 17.5 ¢ 32.2 ¢ 15 ¢ 18% $2.72 14.9 98.5% 33.9%
2022 34.5 ¢ 7.9 ¢ 11 ¢ 32% $2.50 59 355.7% -12.3%
2021 67.2 ¢ 27 ¢ 20 ¢ 0% $2.53 18.5 156.6% -9.3%

IAG Historical Financials

2023 2022 2021
Net Earned Premium ($M) 8,326 7,909 7,420
Claims Expense ($M) -5,306 -5,015 -5,957
Underwriting Profit ($M) -129 -150 -1,696
Net Loss Ratio (%) 63.7 63.4 80.3
Net Expense Ratio (%) 37.8 38.5 42.6
Combined Ratio (%) 101.6 101.9 122.9
Investment Income ($M) 456 243 420
Unrealised Gains & Losses ($M) 57
Net Profit Before Abs ($M) 832 206 646
Net Profit After Abs ($M) 832 347 -427
Income Tax Rate (%) 31.7 24.8 32.1
Employees ($T)
Shareholders Equity ($M) 6,650 6,163 6,246
Return on Equity (%) 12.5 3.3 10.3
Payout Ratio (%) 47 139 74

IAG Cashflow

2023 2022 2021
Premiums Received ($M) 14,133 13,112 12,474
Net Operating Cashflow ($M) 452 899 1,610
Net Investing Cashflow ($M) 394 -1,459 -2,418
Net Financing Cashflow ($M) -437 -526 516

IAG Market & Earnings

2023 2022 2021
Market Cap ($M) 13,914 10,747 12,719
Dividend Yield (%) 2.6 2.5 3.9
NTA Per Share ($) 1.24 1.12 1.23
EBT Before Abs ($M) 1,354 363 1,121
Solvency (%) 75.1 73.7 80

IAG Balance Sheet

2023 2022 2021
Cash ($M)474 350 326
Receivables ($M)
Investments ($M)
Other Current Assets ($M)34 373 348
Total Current Assets ($M)10,718 9,814 10,029
Receivables ($M)3,877 3,963 3,943
Investments ($M)10,950 11,256 10,775
Property, Plant & Equipment ($M)591 592 610
Other Non-Current Assets ($M)8,890 8,458 8,092
Total Non-Current Assets ($M)24,308 24,269 23,420
Total Assets ($M)35,026 34,083 33,449
Current Unearned Premium ($M)7,715 6,792 6,482
Claims Outstanding ($M)6,498 6,882 6,189
Current Accounts Payable ($M)3,356 3,013 2,975
Short Term Debt ($M)74 74 98
Current Provisions ($M)377 358 857
Other Current Liabilities ($M)
Total Current Liabilities ($M)18,020 17,119 16,601
Non-Current Unearned Premium ($M)32 39 45
Claims Outstanding ($M)
Non-Current Accounts Payable ($M)
Long Term Debt ($M)2,562 2,474 2,493
Non-Current Provisions ($M)49 326 133
Other Non-Current Liabilities ($M)552 543 498
Total Non-Current Liabilities ($M)9,957 10,464 10,292
Total Liabilities ($M)27,977 27,583 26,893
Net Assets ($M)6,650 6,163 6,246
Outside Equity ($M)399 337 310

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
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