Insurance Australia Group Limited (IAG) - Research

$7.790 0.02 (0.26%)

IAG General Information +

ASX Code IAG
Website http://www.iag.com.au
GICS Sub-Industry Property & Casualty Insurance
Market Cap ($M) 18,003
Current Price $7.790
Day High $7.860
Day Low $7.740
Last Close $7.810
Price Movement $0.02 ( 0.26% )
Prices as at 16:40, 14 Jun 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


Insurance Australia Group Limited (IAG)
BUY
below
HOLD
up to
SELL
above
Current Price
$7.790 as at 16:40, 14 Jun 2019

Price at review
$7.790 on 18 Feb 19

Max Portfolio Weighting

Business Risk

Share Price Risk

IAG Related Research

IAG Company Overview

Business Description

Insurance Australia Group Ltd (IAG) is a general insurance group, with operations in Australia, New Zealand, and Asia. The Group provides a range of personal and commercial insurance products, primarily motor vehicle and home insurance. IAG also has interest in general insurance joint ventures in Malaysia, India and China. IAG has two customer facing divisions - Consumer Division and Business division being responsible for sales, service, and brand and marketing execution.

IAG Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2020 F 1,107.39 47.39 22.90% 16.44 37.04 4.75% 85.0%
2019 F 920.82 38.55 -11.70% 20.21 37.03 4.75% 92.0%
2018 A 1,034.00 43.68 4.40% 16.54 34.00 4.71% 100.0%

IAG Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Insurance Aust. Grp. (IAG) $18,049M 0.0905 -0.0744 0.1345 19.0627 20.5960 18.1543 4.34% 4.35% 4.37%
QBE (QBE) $15,976M 0.0000 0.4199 0.1226 19.8849 14.0044 12.4755 4.14% 4.72% 5.36%
Suncorp Group (SUN) $17,556M -0.0243 -0.4168 0.9446 16.7867 28.7843 14.8018 5.99% 5.39% 5.44%

IAG Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.24 20.50 2.78 8.28
Market 0.89 17.00 1.51 1.64
Sector 1.07 20.90 2.63 1.52

IAG Directors

Name Position Start Date
Mr Peter Harmer Chief Executive Officer, Managing Director 16 Nov 2015
Dr Helen Marion Nugent Non-Executive Director 23 Dec 2016
Mr Jonathan (Jon) B Nicholson Non-Executive Director 1 Sep 2015
Mr Hugh Alasdair Fletcher Non-Executive Director 1 Sep 2007
Mr George Savvides Non-Executive Director 12 Jun 2019
Mr Thomas (Tom) William Pockett Non-Executive Director 1 Jan 2015
Mr Duncan Macgregor Boyle Non-Executive Director 23 Dec 2016
Ms Michelle Kim Tredenick Non-Executive Director 13 Mar 2018
Ms Sheila McGregor Non-Executive Director 13 Mar 2018
Ms Elizabeth Blomfield Bryan Non-Executive Director, Non-Executive Chairman 5 Dec 2014

IAG Management

Name Position
Tim Clark Acting Chief Risk Officer
Sejil Mistry-Moodley Additional Company Secretary
Julie Batch Chief Customer Officer
Mark Milliner Chief Executive Officer, Australia
Craig Olsen Chief Executive, New Zealand
Nicholas Hawkins Chief Financial Officer
Rebecca Farrell Company Secretary,Acting Group General Counsel
Jacki Johnson Group Executive, People, Performance and Reputation

IAG Substantial Shareholders

Holding Name
118,766,781 (5.02%) The Capital Group Companies, Inc.

IAG Calendar of Events

Date Event
05 February 2020 Report (Interim)
14 August 2019 Report (Annual)
14 August 2019 Report (Prelim)

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