Insurance Australia Group Limited (IAUGY)
Insurance Australia Group Limited operates in the Insurance - Property & Casualty industry of the Financial Services sector, headquartered in Sydney, NSW, AU. The stock last traded at $26.98, down 2.98% on the session, giving a market capitalisation of $12.62B. On trailing twelve-month figures it carries a trailing P/E of 17.89, a net margin of 5.9%. Its beta of -0.01 implies it has historically moved less than the broad market.
Insurance Australia Group Limited (IAG) is a leading financial services firm primarily engaged in general insurance underwriting and investment management services across Australia and New Zealand. The company provides a comprehensive array of insurance solutions for both individual customers and businesses. These offerings span various categories including diverse motor vehicle policies (such as comprehensive, fleet, classic cars, boats, and caravans), property coverage (for homes, contents, and commercial properties), liability insurance (public, product, professional indemnity, and directors & officers), and specialized policies like marine, construction, travel, farm, crop, livestock, extended warranty, security, and workers' compensation. IAG leverages a multi-channel distribution strategy, selling its products through a network of branches, agencies, call centers, digital platforms, brokers, independent agents, authorized representatives, and financial institutions. Its extensive portfolio of brands includes NRMA Insurance, SGIO, SGIC, RACV, CGU, ROLLiN, WFI, Swann Insurance, NZI, State, AMI, Lumley, and Coles Insurance. Established in 1920 and headquartered in Sydney, Australia, the company was initially known as NRMA Insurance Group Limited before rebranding to Insurance Australia Group Limited in 2002.
Insurance Australia Group Limited is most often compared with the following Financial Services names: