Insurance Australia Group Ltd
IAG: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|W? | LOCK|&c | LOCK|ntQz<<S |
Insurance Australia Group: Nice Idea but RAC Acquisition Unlikely to Proceed
Competition concerns stand in the way of Insurance Australia Group acquiring the insurance book of The Royal Automobile Club of Western Australia, or RAC. At a price of AUD 1.35 billion, it would add around AUD 1.5 billion to the insurer's gross written premiums.
