Company Information
About Insurance Australia Group (ASX: IAG)
Insurance Australia Group Limited (IAG) is a major general insurance company operating primarily in Australia and New Zealand. The firm underwrites insurance risks and manages investments. IAG is structured into three key segments: Direct Insurance Australia, Intermediated Insurance Australia, and New Zealand. The Direct Insurance Australia segment offers insurance directly to customers, mainly under the NRMA, SGIO, and SGIC brands, in addition to having partnerships such as the one with RACV in Victoria, and other brands like CGU and ROLLiN’ Insurance. The Intermediated Insurance Australia segment sells insurance through brokers under brands like CGU Insurance and WFI, along with the Coles Insurance brand through a Coles partnership. In New Zealand, IAG operates under the NZI and Lumley Insurance brands.
For the twelve-month trailing period, IAG’s revenue stood at AUD 12.45 billion, while its net income was AUD 771 million. The company, which was incorporated in 1999, employs approximately 13,650 individuals. Over the last year, IAG has seen considerable growth in revenue‚Äîfrom AUD 8.98 billion to AUD 9.96 billion‚Äîand a significant increase of approximately 139.77% in net income, from AUD 347 million to AUD 832 million. The company’s website is https://www.iag.com.au/.
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Insurance Australia Group (ASX: IAG) Live Chart
Insurance Australia Group (ASX: IAG) Forecast
According to the consensus from 10 Wall Street analysts who have provided 12-month price targets for Insurance Australia Group Limited, the average predicted price is set at AU$6.32. The highest anticipated price within the range is AU$6.95, while the lowest is AU$5.45. This average target suggests a modest increase of 1.95% from the company’s most recent trading price of AU$6.20.
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