Last $5.20 USD
Change Today 0.00 / 0.00%
Volume 0.0
IAUGF On Other Exchanges
Symbol
Exchange
Berlin
OTC US
OTC US
As of 8:10 PM 10/21/14 All times are local (Market data is delayed by at least 15 minutes).

insurance australia group (IAUGF) Snapshot

Open
$5.20
Previous Close
$5.20
Day High
$5.20
Day Low
$5.20
52 Week High
09/3/14 - $6.05
52 Week Low
02/4/14 - $4.92
Market Cap
12.2B
Average Volume 10 Days
5.6K
EPS TTM
--
Shares Outstanding
2.3B
EX-Date
09/8/14
P/E TM
--
Dividend
$0.58
Dividend Yield
9.84%
Current Stock Chart for INSURANCE AUSTRALIA GROUP (IAUGF)

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insurance australia group (IAUGF) Details

Insurance Australia Group Limited is engaged in underwriting general insurance in Australia, New Zealand, and Asia. It offers personal and commercial insurance products, such as comprehensive motor, commercial motor, commercial property, construction and engineering, consumer credit, CTP, directors and officers', extended warranty, farm, crop, livestock, home and contents, income protection, marine, professional indemnity, public and product liability, and workers' compensation, as well as niche insurance, such as veteran, vintage and classic car, boat, caravan, and travel insurance products. The company’s products also comprise commercial liability, personal liability, rural and horticultural, fire, education, family and protection, retirement, healthcare, savings and investment, roadside assistance, and home protection insurance products. Insurance Australia Group Limited sells its products directly to customers under the NRMA Insurance, SGIO, SGIC, and RACV brands; and through insurance brokers, authorized representatives, and distribution partners under the CGU, Lumley Insurance, WFI, and Swann insurance brands in Australia. It also sells its products directly to customers under the State and AMI insurance brands, as well as through brokers and agents under the NZI and Lumley Insurance brands and corporate partners under third party brands in New Zealand; the Safety and NZI brands in Thailand; the AmAssurance and Kurnia brands in Malaysia; Bohai Insurance in China; SBI General in India; and AAA in Vietnam. The company was formerly known as NRMA Insurance Group Limited and changed its name to Insurance Australia Group Limited in 2002. Insurance Australia Group Limited was founded in 1925 and is based in Sydney, Australia.

insurance australia group (IAUGF) Top Compensated Officers

Chief Executive Officer, Managing Director an...
Total Annual Compensation: A$3.9M
Chief Financial Officer
Total Annual Compensation: A$1.7M
Chief Executive of Commercial Insurance
Total Annual Compensation: A$1.7M
Chief Executive Officer of New Zealand Busine...
Total Annual Compensation: A$1.6M
Chief Executive Officer of Personal Insurance
Total Annual Compensation: A$1.3M
Compensation as of Fiscal Year 2014.

insurance australia group (IAUGF) Key Developments

IAG to Close State Branches

IAG is planning to shut most of its 22 State-branded branches in New Zealand, which means 91 employees might lose their jobs. But it plans to keep its 65 AMI branches and invest in their refurbishment even though AMI had to be bailed out by a Government guarantee to meet all its Canterbury claims after the earthquakes. The company said that it would close all the State branches except Riccarton in Christchurch. Other parts of the South Island will be impacted by the proposal. The company intends to close State branches in Timaru, Nelson, Blenheim, Invercargill and Dunedin.

Insurance Australia Group Limited Announces Resignation of Nora Scheinkestel from the Board, Effective 16 September 2014

The Chairman of Insurance Australia Group Limited (IAG), Mr. Brian Schwartz, has announced the resignation of Dr. Nora Scheinkestel from the Board of IAG, effective 16 September 2014.

Insurance Australia Group Limited Announces Audited Consolidated Financial Results for the Year Ended June 30, 2014; Provides Earnings Guidance for the Year of 2015

Insurance Australia Group Limited announced audited consolidated financial results for the year ended June 30, 2014. The company's net profit lifted by 58.9% to AUD 1.23 billion in the year ended June 30, 2014 from AUD 776 million for the 2013 year. Net profit from continuing operations was up 16% to AUD 1.23 billion from AUD 1.06 billion. Revenue rose 17.8% to AUD 12.68 billion from AUD 10.76 billion. Basic earnings per share were 56.09 cents, up from 37.57 cents. Net earned premium was AUD 8,644 million compared to AUD 8,318 million a year ago. Cash ROE was 23% compared to 25.3% a year ago. Profit before income tax from continuing operations was AUD 1,330 million compared to AUD 1,593 million a year ago. Profit after tax from continuing operations was AUD 1,330 million compared to AUD 1,169 million a year ago. Net cash flows from operating activities were AUD 1,077 million compared to AUD 1,790 million a year ago. Outlays for investments and property and equipment were AUD 14,526 million compared to AUD 15,445 million a year ago. The guidance for 2015 comprises higher GWP growth of 17% - 20%, largely as a result of consolidating the Wesfarmers business in Australia and New Zealand. This also reflects the expected limited need for rate increases, owing to current minimal input cost pressures. The group anticipates a reported insurance margin in the range of 13.5% - 15.5%. Underlying assumptions behind the insurance margin guidance are net losses from natural perils in line with AUD 700 million allowance; lower prior period reserve releases of around 2% of NEP; and no material movement in exchange rates or investment markets.

 

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IAUGF Competitors

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Company Last Change
Commerzbank AG €11.36 EUR -0.01
Lend Lease Group A$15.26 AUD +0.06
Macquarie Group Ltd A$59.18 AUD -0.03
QBE Insurance Group Ltd A$10.96 AUD -0.05
Suncorp Group Ltd A$14.25 AUD +0.015
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Industry Analysis

IAUGF

Industry Average

Valuation IAUGF Industry Range
Price/Earnings 10.8x
Price/Sales 1.4x
Price/Book 2.0x
Price/Cash Flow 10.7x
TEV/Sales 0.9x
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