Insurance Australia Group Limited

IAG

AU000000IAG3

Property & Casualty Insurance

Market Closed - Australian S.E. Other stock markets 02:10:43 2024-04-26 am EDT			5-day change	1st Jan Change
6.36 ^AUD	-2.60%		+0.16%	+12.37%

Apr. 02	IAG Appoints Robert Cutler as Group General Counsel	CI
Mar. 27	Insurance Australia Group Forecasts Distribution	MT

Insurance Australia Group Limited announces an Equity Buyback for AUD 200 million worth of its shares.

February 15, 2024 at 03:37 pm EST

Insurance Australia Group Limited (ASX:IAG) announces a share repurchase program. Under the program, the company will repurchase up to AUD 200 million worth of its shares. The plan will be valid till February 14, 2025.

As of February 16, 2024, the company had 2,401,555,365 shares issued.

Latest news about Insurance Australia Group Limited

IAG Appoints Robert Cutler as Group General Counsel	Apr. 01	CI
Insurance Australia Group Forecasts Distribution	Mar. 26	MT
Insurance Australia Group Completes AU$350 Million Capital Notes Offer	Mar. 26	MT
Australian Insurers May Further Expand Margins, Morgan Stanley Says	Mar. 07	MT
Australia's corporate regulator asks general insurers to improve claim practices	Mar. 06	RE
Insurance Australia Group Launches Offer to Raise AU$300 Million	Mar. 03	MT
Jarden Research Adjusts Insurance Australia Group’s Price Target to AU$6.40 From AU$6.15, Keeps at Overweight	Feb. 18	MT
IAG's Fiscal First-Half Net Profit Slips; Price Increase Boosts Insurance Profit	Feb. 16	MT
Weak US Retail Sales Data Boost Australian Shares	Feb. 16	MT
Miners, banks lift Australia shares; insurers IAG and QBE fall on profit miss	Feb. 15	RE
Insurance Australia's Shares Fall 4% in Morning Trade on Lower Fiscal H1 Net Profit Despite Revenue Rise	Feb. 15	MT
Insurance Australia Group Limited authorizes a Buyback Plan.	Feb. 15	CI
Transcript : Insurance Australia Group Limited, H1 2024 Earnings Call, Feb 16, 2024	Feb. 15
Insurance Australia Reports 16% Rise in Revenue for Fiscal Half Year FY24; EPS Slips	Feb. 15	MT
Insurance Australia Posts Fiscal H1 FY24 Revenue Up 15.5% to AU$8.69 Billion, Diluted EPS of AU$0.1621; Declares Interim Dividend of AU$0.10 Per Share	Feb. 15	MT
Insurance Australia Group Limited Determines to Pay Interim Dividend, Payable on 27 March 2024	Feb. 15	CI
Insurance Australia Group Limited announces an Equity Buyback for AUD 200 million worth of its shares.	Feb. 15	CI
Insurance Australia Group Limited Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 15	CI
Insurance Australia Group Places 2024 Catastrophe Reinsurance Program	Jan. 03	MT
Tranche Update on Insurance Australia Group Limited's Equity Buyback Plan announced on October 17, 2022.	Dec. 15	CI
Insurance Australia Group Limited's Equity Buyback announced on October 17, 2022, has closed with 84,690,008 shares, representing 3.46% for $350 million.	Dec. 14	CI
Insurance Australia Group Limited Announces Peter Horton to Leave as Group General Counsel and Company Secretary	Dec. 05	CI
Transcript : Insurance Australia Group Limited - Shareholder/Analyst Call	Dec. 03
Insurance Australia Group Limited Announces the Appointment of Andrew Collings as an Additional Company Secretary	Nov. 27	CI
Insurance Australia Group Prices AU$400 Million of Securities	Nov. 01	MT

Chart Insurance Australia Group Limited

Duration

Period

More charts

Company Profile

Insurance Australia Group Limited is a general insurance company in Australia and New Zealand. The Company is engaged in underwriting of general insurance risks and investment management. Its segments include Direct Insurance Australia, Intermediated Insurance Australia and New Zealand. Direct Insurance Australia provides personal lines, and some commercial lines, general insurance products sold directly to customers primarily under the NRMA Insurance brand, SGIO and SGIC brands, the RACV brand in Victoria (via a distribution relationship and underwriting joint venture with RACV), as well as the CGU Insurance and ROLLiNâ Insurance brands. Intermediated Insurance Australia segment provides commercial lines, and some personal lines, general insurance products sold to customers through intermediaries primarily under the CGU Insurance and WFI brands, as well as the Coles Insurance brand via a distribution agreement with Coles. New Zealand segment includes NZI and Lumley Insurance brands.

Sector

Property & Casualty Insurance

Calendar

2024-08-20 - Q4 2024 Earnings Release

Related indices

S&P/ASX 200

More about the company

Income Statement Evolution

More financial data

Ratings for Insurance Australia Group Limited

Trading Rating

Investor Rating

ESG Refinitiv

B-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

6.36 AUD

Average target price

6.289 AUD

Spread / Average Target

-1.12%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Other Property & Casualty Insurance

	1st Jan change	Capi.
INSURANCE AUSTRALIA GROUP LIMITED	+12.37%	9.81B
TOKIO MARINE HOLDINGS, INC.	+38.91%	61.52B
AMERICAN INTERNATIONAL GROUP, INC.	+10.01%	50.24B
THE TRAVELERS COMPANIES	+12.05%	48.88B
THE ALLSTATE CORPORATION	+21.50%	44.86B
ARCH CAPITAL GROUP LTD.	+22.39%	33.96B
INTACT FINANCIAL CORPORATION	+10.03%	29.23B
MS&AD INSURANCE GROUP HOLDINGS, INC.	+50.11%	27.95B
FAIRFAX FINANCIAL HOLDINGS LIMITED	+21.57%	24.78B
SAMPO OYJ	-3.96%	20.38B

Other Property & Casualty Insurance