Insurance Australia Group Limited (IAUGF) Stock
Operating across Australia and New Zealand, Insurance Australia Group Limited (IAG) specializes in underwriting various general insurance policies and offering investment management solutions. The company boasts an extensive product range spanning both personal and commercial sectors.
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About Insurance Australia Group Limited
Operating across Australia and New Zealand, Insurance Australia Group Limited (IAG) specializes in underwriting various general insurance policies and offering investment management solutions. The company boasts an extensive product range spanning both personal and commercial sectors. For individuals, this includes coverage for bicycles, comprehensive motor vehicles, home and contents, veteran, vintage, and classic cars, boats, caravans, and travel, as well as life insurance, consumer credit, compulsory third-party vehicle insurance, and extended warranty policies. On the commercial side, IAG offers protection for commercial and motor fleets, commercial property and liability, construction and engineering projects, directors' and officers' liability, various agricultural assets (such as farm, crop, and livestock), income protection, marine risks, professional indemnity, public and product liability, security services, workers' compensation, general business operations, and specialized rural and horticultural needs. The company also engages in reinsurance activities. Its distribution strategy is multifaceted, utilizing physical branches and agencies, dedicated call centers, digital online platforms, independent brokers, agents, authorized representatives, and partnerships with financial institutions. Additionally, the group markets its products via third-party channels under a robust suite of brands, including NRMA Insurance, SGIO, SGIC, RACV, CGU, ROLLiN, WFI, Swann Insurance, NZI, State, AMI, Lumley, and Coles Insurance. Founded in Sydney, Australia, in 1920, the organization was originally known as NRMA Insurance Group Limited, changing to its present name, Insurance Australia Group Limited, in 2002.
Insurance Australia Group Limited is headquartered in AU.
Insurance Australia Group Limited (IAUGF) stock trades at $6.03 with a market capitalization of $14.10B. The stock is valued at a price-to-earnings (P/E) ratio of 18.46, price-to-book of 2.75, price-to-sales of 1.07. Over the past 52 weeks the stock has ranged between $5.08 and $6.39, and currently trades 5.6% below its 52-week high. It pays a dividend yielding 2.82%.
On profitability, Insurance Australia Group Limited generates a return on equity (ROE) of 14.85%, above the typical market average, return on capital employed of 6.70%, an operating margin of 9.99%, a net profit margin of 5.86%.
Official website: www.iag.com.au