IAG: Result 2014

Insurance Australia Group’s (IAG) performance has been remarkable since the string of natural catastrophes in 2011. Chief executive Mike Wilkins has cut costs and disposed of the problematic UK businesses, revealing a first class insurance business enjoying a period of minimal claims and strong premium pricing that reflects its market position as one third of an oligopoly to rival that of the big four banks. The share price has responded in kind, increasing 132% since its low of $2.79 in November 2011.Year to 30 Jun20142013 /– (%)IAG 2014 resultRevenue ($m)9,7799,4983.0Insur. profit ($bn)1,5791,42810.6U'lying insur. margin (%)14.212.5n/aNet profit ($m)1,233776*59EPS ($)54508.0PER11.912.9n/aDPS ($)0.390.368.3Div. Yld (%)6.05.6n/aFranking...

Insurance Australia Group’s (IAG) performance has been remarkable since the string of natural catastrophes in 2011. Chief executive Mike Wilkins has cut costs and disposed of the problematic UK businesses, revealing a first class insurance business enjoying a period of minimal claims and strong premium pricing that reflects its market position as one third of an oligopoly to rival that of the big four banks. The share price has responded in kind, increasing 132% since its low of $2.79 in November 2011.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles