Company Reports

Insurance Australia Group's fiscal 2026 profit fell 25% to about AUD 1 billion despite gross written premium, or GWP, growth of 7.6% to AUD 18.4 billion. Lower investment income and higher natural hazard expenses are largely to blame. Guidance is for 5%-8% GWP growth for fiscal 2027. Shares fell 5%.

Insurance Australia Group is a general insurer with around AUD 18 billion of annual gross written premiums operating in Australia and New Zealand. It is a custodian of well-known heritage brands that include NRMA, CGU, SGIO, SGIC, and Swann Insurance in Australia and State, NZI, AMI, and Lumley in New Zealand. The insurer carries concentrated weather and earthquake risk in Australia and New Zealand.

Insurance Australia Group has ambitions to deliver above 15% ROE and high-single-digit percent EPS growth in the five years to fiscal 2030. Built on growing gross written premiums by high single digits per year, maintaining insurance margins above 15%, and buying back 2.5% of shares on issue.

Insurance Australia Group is a general insurer with around AUD 18 billion of annual gross written premiums operating in Australia and New Zealand. It is a custodian of well-known heritage brands that include NRMA, CGU, SGIO, SGIC, and Swann Insurance in Australia and State, NZI, AMI, and Lumley in New Zealand. The insurer carries concentrated weather and earthquake risk in Australia and New Zealand.

Insurance Australia Group's first-half fiscal 2026 net profit after tax fell 35% to AUD 505 million. The four-month contribution from RACQ did the most damage, with peril claims AUD 152 million above allowances. The partially franked interim dividend was flat at AUD 12 cents. Shares fell 5% Feb. 12.

Insurance Australia Group is a general insurer with around AUD 18 billion of annual gross written premiums operating in Australia and New Zealand. It is a custodian of well-known heritage brands that include NRMA, CGU, SGIO, SGIC, and Swann Insurance in Australia and State, NZI, AMI, and Lumley in New Zealand. The insurer carries concentrated weather and earthquake risk in Australia and New Zealand.

Insurance Australia Group is a general insurer with around AUD 20 billion of annual gross written premiums operating in Australia and New Zealand. It is a custodian of well-known heritage brands that include NRMA, CGU, SGIO, SGIC, and Swann Insurance in Australia and State, NZI, AMI, and Lumley in New Zealand. The insurer carries concentrated weather and earthquake risk in Australia and New Zealand.

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.

Insurance Australia Group increased the midpoint of its fiscal 2026 insurance profit guidance range by 6.5% to include the completed RACQ insurance acquisition. The insurer stuck to underlying guidance despite benign first-quarter natural perils, wary that conditions can change quickly in summer.

Insurance Australia Group is a general insurer with around AUD 20 billion of annual gross written premiums operating in Australia and New Zealand. It is a custodian of well-known heritage brands that include NRMA, CGU, SGIO, SGIC, and Swann Insurance in Australia and State, NZI, AMI, and Lumley in New Zealand. The insurer carries concentrated weather and earthquake risk in Australia and New Zealand.

Insurance Australia Group is a general insurer with around AUD 17 billion of annual gross written premiums operating in Australia and New Zealand. It is a custodian of well-known heritage brands that include NRMA, CGU, SGIO, SGIC, and Swann Insurance in Australia and State, NZI, AMI, and Lumley in New Zealand. The insurer carries concentrated weather and earthquake risk in Australia and New Zealand.

Insurance Australia Group's fiscal 2025 profit increased 51% to AUD 1.4 billion. Earnings growth was propelled by premium rate increases, moderating claims inflation, higher investment income, and a release from business interruption provisions, in place since covid.

Separate updates provide insight into trading conditions for Australian insurers. Insurance Australia Group's fiscal 2025 natural peril costs are lower than allowances, lifting the midpoint of profit guidance by 13%, while Suncorp's fiscal 2026 reinsurance costs will be lower than fiscal 2025.

Insurance Australia Group has agreed to pay AUD 1.35 billion for the insurance book of The Royal Automobile Club of Western Australian and enter a 20-year exclusive agreement to provide its members with insurance products. It adds AUD 1.5 billion to the insurer's gross written premiums.

Insurance Australia Group is a general insurer with around AUD 16 billion of annual gross written premiums operating in Australia and New Zealand. It is a custodian of well-known heritage brands that include NRMA, CGU, SGIO, SGIC, and Swann Insurance in Australia and State, NZI, AMI, and Lumley in New Zealand. The insurer carries concentrated weather and earthquake risk in Australia and New Zealand.

Insurance Australia Group is a general insurer with around AUD 16 billion of annual gross written premiums operating in Australia and New Zealand. It is a custodian of well-known heritage brands that include NRMA, CGU, SGIO, SGIC, and Swann Insurance in Australia and State, NZI, AMI, and Lumley in New Zealand. The insurer carries concentrated weather and earthquake risk in Australia and New Zealand.

Insurance Australia Group's share price tumbled 13% on the release of its first-half fiscal 2025 result. Thanks to premium rate increases and lower claim costs, underlying profit increased a healthy 54% to AUD 640 million.

Insurance Australia Group is a general insurer with around AUD 16 billion of annual gross written premiums operating in Australia and New Zealand. It is a custodian of well-known heritage brands that include NRMA, CGU, SGIO, SGIC, and Swann Insurance in Australia and State, NZI, AMI, and Lumley in New Zealand. The insurer carries concentrated weather and earthquake risk in Australia and New Zealand.

Insurance Australia Group has agreed to pay AUD 855 million for 90% of the insurance book of Queensland mutual RACQ and enter a 25-year exclusive agreement to provide its members with general insurance products. The partnership adds AUD 1.3 billion to the insurer's gross written premiums.

Insurance Australia Group's fiscal 2024 net profit doubled to AUD 905 million. The strong result is no surprise, given earnings tailwinds from price increases and higher investment income on policyholder and shareholder funds, which, combined, more than offset claims inflation. The 5% miss against our forecast masks the strong underlying performance. Insurance profit—earnings on insurance policies plus investment income on policyholder funds—beat our forecast by around 9%. The claims ratio was lower than expected, thanks to the rare occurrence of lower-than-allowance natural peril costs. Claims inflation appears to be tracking below premium rate increases pushed into the market in recent years, and the insurer should also be benefiting from its motor repair centers keeping claims growth below industry. A higher tax rate and losses from minority investments took the shine off the result.