 |
Insurance Australia Group Limited (IAG) |
Print |
|
You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:
|
|
Sign Up Today » it's FREE!
|
Already a member? Login now!
|
| Company Name: |
Insurance Australia Group Limited |
| Stock Code: |
IAG |
| Website: |
www.iaglimited.com.au |
| Market Cap ($M): |
7,055 |
| Equiv. Shares (M): |
2,075 |
|
|
 |
|
| Current Price |
Open |
High |
Low |
Last Close |
Volume |
Price Movement |
$ 3.470 |
$ 3.500 |
$ 3.540 |
$ 3.450 |
$ 3.490
|
7,590,635 |
$ -0.020 -0.573 %
|
|
| Recommendation : |
Buy
|
| Recommendation Date : |
27th Aug 2010 |
| 12 Month Target Price (average) : |
$4.025 |
| Brokers Surveyed : |
10 |
|
| % of Market: |
0.6600 |
| % of Sector: |
n/a |
| Sector: |
Financials |
| Industry Group: |
Insurance |
| Industry: |
Insurance |
|
|
 |
|
| Company Overview |
| Insurance Australia Group Ltd (IAG) is the largest general insurer in Australia and New Zealand, providing personal and commercial insurance policies under the brands NRMA Insurance, SGIO, SGIC, CGU, Swann Insurance, State Insurance and NZI. IAG also underwrites motor, home and some other lines of insurance for RACV in Victoria and has operations in Thailand, the UK, Malaysia and China. |
| Company History |
| The National Roads Association was formed in 1920 to lobby government for better roads. In 1925, the association set up its insurance subsidiary, selling car insurance to members, and in 1926, was reconstituted as a separate mutual. Through the 1990s, the Insurance Group consolidated its market position in motor, CTP and home insurance. In July 2000, NRMA Insurance Group Ltd demutualised and listed on the ASX in Aug 2000. In Jan 2002, the group changed its name to Insurance Australia Group Ltd. |
| Differentiating Factor |
| IAG's affiliation with the NRMA Motoring Association provides the company with a strong brand name and ability to leverage from a large customer base. |
| Major Customers & Competitors |
| IAG's major customers are its millions of policyholders, the majority of whom hold motor, CTP and/or home and contents insurance policies. Major competitors include local Australian and overseas general insurance companies such as QBE, the merged Suncorp/Promina (GIO and AAMI) and Allianz. |
|
Year to Jun
|
NPAT Rep $M |
NPAT1 Adj $M |
EPS c |
EPS chg % |
PER x |
PER rel All Ords x |
PER rel Sector x |
DPS c |
Yield % |
Franking % |
ROE % |
| 2007A |
|
|
n/a |
n/a |
0.0 |
0.0 |
0.0 |
n/a |
0.0 |
n/a |
|
| 2008A |
|
|
n/a |
n/a |
0.0 |
0.0 |
0.0 |
n/a |
0.0 |
n/a |
|
| 2009A |
|
|
9.3 |
20.8 |
37.3 |
1.9 |
2.2 |
10.0 |
2.9 |
100.0 |
|
|
1NPAT is normalised by removing non-recurring items and goodwill. All the above statistics are derived from normalised earnings.
|
| IAG |
-2.0173 |
-13.9241 |
-7.3569 |
| Sector |
1.5078 |
-7.4657 |
-1.3958 |
| Market |
3.6177 |
-3.1195 |
2.8483 |
|
| P/E (x) |
FY07 |
0.0 |
15.2 |
15.4 |
|
FY08 |
0.0 |
10.4 |
10.1 |
| Yield (%) |
FY07 |
0.0 |
9.5 |
5.2 |
|
FY08 |
0.0 |
7.7 |
5.2 |
| EV/EBIT (x) |
FY07 |
0.0 |
6.7 |
10.5 |
|
FY08 |
0.0 |
3.9 |
14.0 |
| EV/EBITDA (x) |
FY07 |
0.0 |
6.1 |
12.5 |
|
FY08 |
0.0 |
3.7 |
12.0 |
|
| J Strong |
Chairman |
| M Wilkins |
Executive Director & COO |
| H Fletcher |
Director |
| A Hynes |
Director |
| Y Allen |
Director |
| B Schwartz |
Director |
| P Colebatch |
Director |
| P Twyman |
Non-Executive Director |
| Mr Strong |
Director |
|
| M Wilkins |
Chief Executive Officer |
| G Venardos |
CFO |
| T Coleman |
Chief Risk Officer & Group Actuary |
| C McLoughlin |
Group Exec., Strategy |
| J Breheny |
CEO, Asia |
| N Hawkins |
CEO, IAG New Zealand |
| D Issa |
CEO, Personal Insurance |
| J Johnson |
CEO, Business Partnerships |
| J van der Schalk |
CEO, Asset Mgt. & Reinsurance |
| D West |
CEO, CGU |
| Mr A Cornish |
Chief Executive Officer |
|
| 06-Oct-2010 |
Dividend Date Payable for Final Year Result
(4.5c 100% franked)
|
| 08-Sep-2010 |
Dividend Record Date for Final Year Result
(4.5c 100% franked)
|
| 02-Sep-2010 |
Dividend Ex-Dividend Date for Final Year Result
(4.5c 100% franked)
|
| 26-Aug-2010 |
Reporting Date for Final Year Result |
| 12-Apr-2010 |
Dividend Date Payable for Half Yearly Result
(8.5c 100% franked)
|
|
|
Data supplied by Aegis Equities Research Pty Limited (ACN 085 293 910).
|
|
Membership benefits...
- 100% entry fee rebates
- Cash back on your managed fund investments with our innovative TrailCap™ program
- Independent research on...
- over 1,000 managed funds
- over 300 ASX-listed Companies
- top performing suburbs/postcodes
- Access to IPOs/floats & other investment offers
- Superior investment tools...
- Portfolio manager
- Watchlists
- Alerts
- Regular investment e-newsletter
|
Advertisement
eNewsletter |
Keep up to date with new investments and important news - subscribe to our FREE weekly eNewsletters. Sign up now! |
|
 |
An educational booklet that outlines the different types of Contracts for Difference (CFDs) available in Australia.
More details...
|
Featured Promotions
Sydney Morning Herald 3/09/2010 | MINING
Sydney Morning Herald 3/09/2010 | THE former Foster's Group chief executive, Trevor O'Hoy, has broken his silence over the future of the beverages giant he once led, saying a demerger of its wine and beer businesses makes perfect sense in today's investment climate.
The Age 3/09/2010 | TREVOR O'Hoy, the former Foster's Group chief executive who was at the helm when it made its ill-fated acquisition of wine business Southcorp for $3.7 billion, says the proposed corporate split makes perfect sense in the present climate.
Sydney Morning Herald 3/09/2010 | SHARES worth millions of dollars in Australian-listed companies have been frozen by the Federal Court as the Tax Commissioner pursues companies linked to a Swiss-based Belgian businessman over $28 million of outstanding tax assessments.
The Age 3/09/2010 | THE Federal Court has extended a freeze order on shares worth millions of dollars in Australian-listed companies as the tax commissioner pursues companies linked to a Swiss-based Belgian businessman over $28 million of outstanding tax assessments.
Sydney Morning Herald 3/09/2010 | A decision this week by the Administrative Appeals Tribunal to overturn an order by the Australian Securities and Investments Commission to ban the head of Tricom, Lance Rosenberg, from the financial services industry is a win for Rosenberg, a partial public relations win for ASIC but a big win for public disclosure.
More...
|
|