INSURANCE AUSTRALIA GROUP LIMITED (IAG)
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IAG - INSURANCE AUSTRALIA GROUP LIMITED

FNArena Sector : Insurance
Year End: June
GICS Industry Group : Insurance
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Insurance Australia Group is an insurance company formed by the demutualisation of the NRMA Insurance business in July 2000. It is not a customer-facing brand, but an umbrella organisation that holds many well known insurance brands in Australia, NZ and Asia, incl NRMA Insurance and CGU.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.71

05 Dec
2022

0.000

OPEN

$4.72

0.000

HIGH

$4.74

5,539,692

LOW

$4.67

TARGET
$5.169 9.7% upside
Franking for last dividend paid out: 70%
OTHER COMPANIES IN THE SAME SECTOR
ISU . MPL . NHF . QBE . SDF . SUN . TWR . CVW . GDG . PSI . FCL . NOL .
FNARENA'S MARKET CONSENSUS FORECASTS
IAG: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx 14.1 31.5 xxx
DPS (cps) xxx 11.0 25.1 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx - 45.0% 100.0% xxx
PE Ratio xxx N/A 14.9 xxx
Dividend Yield xxx N/A 5.3% xxx
Div Pay Ratio(%) xxx 78.1% 79.7% xxx

Dividend yield today if purchased 3 years ago: 1.40%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.34

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 18/08 - ex-div 5c (franking 70%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2022 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx14.1
DPS All xxxxxxxxxxxxxxx11.0
Sales/Revenue xxxxxxxxxxxxxxx8,272.0 M
Book Value Per Share xxxxxxxxxxxxxxx250.0
Net Operating Cash Flow xxxxxxxxxxxxxxx900.0 M
Net Profit Margin xxxxxxxxxxxxxxx4.19 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx5.59 %
Return on Invested Capital xxxxxxxxxxxxxxx3.99 %
Return on Assets xxxxxxxxxxxxxxx1.03 %
Return on Equity xxxxxxxxxxxxxxx5.59 %
Return on Total Capital xxxxxxxxxxxxxxx7.03 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-994.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

This is work in progress. Bear with us. It'll be amazing.

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Ord Minnett

21/10/2022

3

Downgrade to Hold from Buy

$5.40

14.65%

Ord Minnett has adjusted earnings forecasts for Insurance Australia Group to include the business interruption provision release, share buyback, mark-to-market, weather and flood costs, outlook for reinsurance and interest rates.

The result is a downgrade to Hold on valuation grounds following recent share price performance. There is more upside on offer for Suncorp, the broker believes, and the latter is upgraded to Buy.

IAG target unchanged at $5.40.

This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

IAG STOCK CHART

FNArena News on IAG

1
Rudi’s View: Preparing For Bear Phase II

Nov 24 2022 - Rudi's View
2
In Brief: SMSF, Insurers, Grocers, Retailers

Nov 11 2022 - Weekly Reports
3
Rudi’s View: More Choice For Income Hunters

Nov 10 2022 - Rudi's View
4
October In Review: Banks Lead In Strong Rally

Nov 04 2022 - Australia
5
Rudi’s View: Technology’s Moment Of Truth

Nov 03 2022 - Rudi's View

Latest Insurance News

1
Climate Costs Burden Heaviest For Aussie Insurers

Jun 01 2022 - Australia
2
In Brief: Risks From Russia, House Prices And Insurance Brokers

Feb 04 2022 - Australia
3
IAG Fails The Weather Test, But All Is Not Lost

Nov 03 2021 - Australia
4
Growth Returns For Suncorp

Aug 10 2021 - Australia
5
Treasure Chest: IAG Re-Rating?

Jun 28 2021 - Treasure Chest
6
Insurers Grapple With Costs And Competition

Jun 16 2021 - Australia
7
Nib Holdings May Need To Tread Carefully

Apr 27 2021 - Australia
8
Insurers Tackle More Risk As NSW Floods

Mar 23 2021 - Australia
9
Suncorp Homes In On Improved Returns

Feb 10 2021 - Australia
10
Reinsurance Key To Insurer Pandemic Claims

Sep 16 2020 - Australia