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}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've 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 activate your membership

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 unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
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