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Insurance Australia Group Limited (ASX:IAG)

ALERT: Price-sensitive ASX Announcement for IAG
Current share price for IAG : $8.140 -0.09 (-1.09%)+
Announcement
Release
13 Aug 2026 7:41AM
Price at Release
$8.230
Full Release
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Summary
The IAG FY26 Annual Report outlines the company's financial performance, strategic initiatives, and operational outcomes for the year ended 30 June 2026. Despite challenges, IAG reported a net profit after tax of $1,022 million, reflecting a decline from the previous year due to higher natural peril costs and a decrease in pre-tax insurance profit. The report highlights a steady increase in gross written premium (GWP) by 7.6% and a stable underlying insurance profit. It also notes enhancements in employee engagement and improvements in risk culture. IAG's focus remains on disciplined underwriting, leveraging digital capabilities, and maintaining a strong capital position to support future growth.
Key Points
  • Net profit after tax of $1,022 million for FY26.
  • Gross written premium increased by 7.6%.
  • Higher natural peril costs impacted results.
  • Steady underlying insurance profit growth.
  • Employee engagement score improved to 75%.
  • Risk culture assessed as sound.
  • Focus on disciplined underwriting and digital capabilities.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.