Insurance Australia Group Ltd - Company Profile
Powered by 
All the data and insights you need on Insurance Australia Group Ltd in one report.
$295
- Save hours of research time and resources with
our up-to-date Insurance Australia Group Ltd Strategy Report
- Understand Insurance Australia Group Ltd position in the market,
performance and strategic initiatives.
- Gain competitive edge and increase your
chances of success
Related keylists
Insurance Australia Group Ltd (IAG) is a provider of general insurance. The group, through its subsidiaries, provides an array of personal and commercial insurance products. It offers insurance products for commercial and motor fleet, commercial liability, commercial property, home and contents, construction and engineering, and marine. The group also offers travel insurance, income protection insurance, farm, crop and livestock insurance, commercial liability insurance, personal liability insurance, professional indemnity insurance, rural and horticultural insurance and workers' compensation insurance. The group markets its products under various brands such as NRMA Insurance, SGIO, SGIC, WFI, CGU and NZI. It has operations in New Zealand, Australia, Malaysia, and India. IAG is headquartered in Sydney, Australia.
Headquarters
Australia
Address
Darling Park, Twr Two, L 13 201 Sussex Street, Sydney, New South Wales, 2000
Website
www.iag.com.au
Telephone
61 2 92929222
No of Employees
13,650
Industry
Financial Services
Ticker Symbol & Exchange
IAG (ASX)
Revenue (2022)
$6.9B
10.9%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
139.8%
(2022 vs 2021)
Market Cap*
$10.0B
Net Profit Margin (2022)
XYZ
116.3%
(2022 vs 2021)
* As of and is in US$
Insurance Australia Group Ltd premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Short Tail Insurance: | NRMA Insurance |
| Motor Vehicle Insurance | SGIO |
| Home and Contents Insurance | SGIC |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company signed an Enforceable Undertaking with the Fair Work Ombudsman for the underpayment of certain employee entitlements and outlined the steps. |
| 2024 | Contracts/Agreements | In March, WFI Insurance entered into a partnership with Farmsafe Australia to promote safer farming practices and raise awareness about farming risks. |
| 2023 | Acquisitions/Mergers/Takeovers | In July, the company completed the acquisition of Mums & Co. |
Competitor Comparison
| Key Parameters | Insurance Australia Group Ltd | QBE Insurance Group Ltd | Suncorp Group Ltd | Allianz Australia Limited | Chubb Insurance Australia Limited |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Australia |
| City | Sydney | Sydney | Brisbane | Sydney | Sydney |
| State/Province | New South Wales | New South Wales | Queensland | New South Wales | New South Wales |
| No. of Employees | 13,650 | 13,479 | 13,300 | - | 800 |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Nicholas B Hawkins | Director; Chief Executive Officer; Managing Director | Executive Board | 2020 | - |
| William McDonnell | Chief Financial Officer | Senior Management | 2023 | - |
| Neil Morgan | Chief Operating Officer | Senior Management | 2021 | - |
| Peter Taylor | Chief Risk Officer | Senior Management | 2022 | - |
| Rachael O'Brien | Chief Risk Officer | Senior Management | 2024 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward