INSURANCE AUSTRALIA GROUP LIMITED (IAG)
Share Price Analysis and Chart

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IAG - INSURANCE AUSTRALIA GROUP LIMITED

FNArena Sector : Insurance
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: N/A
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

$6.01

06 Dec
2023

0.090

OPEN

$5.97

1.52%

HIGH

$6.10

9,002,062

LOW

$5.97

TARGET
$5.998 -0.2% downside
Franking for last dividend paid out: 30%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . MPL . NHF . NOL . PSI . QBE . SDF . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
IAG: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 33.9 35.3 xxx
DPS (cps) xxx 15.0 27.2 xxx
EPS Growth xxx 100.0% 4.1% xxx
DPS Growth xxx 36.4% 81.1% xxx
PE Ratio xxx N/A 16.8 xxx
Dividend Yield xxx N/A 4.6% xxx
Div Pay Ratio(%) xxx 44.2% 76.9% xxx

Dividend yield today if purchased 3 years ago: 2.88%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.53

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: 29/08 - ex-div 9c (franking 30%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx33.9
DPS All xxxxxxxxxxxxxxx15.0
Sales/Revenue xxxxxxxxxxxxxxx8,926.0 M
Book Value Per Share xxxxxxxxxxxxxxx272.4
Net Operating Cash Flow xxxxxxxxxxxxxxx452.0 M
Net Profit Margin xxxxxxxxxxxxxxx9.32 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx12.99 %
Return on Invested Capital xxxxxxxxxxxxxxx9.30 %
Return on Assets xxxxxxxxxxxxxxx2.41 %
Return on Equity xxxxxxxxxxxxxxx12.99 %
Return on Total Capital xxxxxxxxxxxxxxx16.11 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx74 M
Long Term Debt xxxxxxxxxxxxxxx2,562 M
Total Debt xxxxxxxxxxxxxxx2,636 M
Goodwill - Gross xxxxxxxxxxxxxxx2,830 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,353 M
Price To Book Value xxxxxxxxxxxxxxx2.09

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx-
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,108 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx10,940 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

17/10/2023

3

Hold

$5.50

-8.49%

Ord Minnett  forecasts Insurance Australia Group will roughly double its EPS in FY24. However, a more profitable insurance industry is expected to lead to less aggressive price hikes by participants.

The broker feels earnings tailwinds, the risk of claims inflation and the impact on profit of larger-than-expected natural hazards are already incorporated into Insurance Australia Group's share price. 

The Hold rating and $5.50 target are maintained.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 25.00 cents and EPS of 37.40 cents.
Ord Minnett forecasts a full year FY25 dividend of 30.00 cents and EPS of 42.10 cents.

Morgans

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

IAG STOCK CHART

FNArena News on IAG

1
In Brief: Telcos; Cyber Insurance; House Prices

Nov 10 2023 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Nov 09, 2023

Nov 09 2023 - Daily Market Reports
3
Rudi’s View: Outlook 2024, Is History Our Guide?

Nov 08 2023 - Rudi's View
4
ESG Focus: ESG-Linked Remuneration Now In Focus

Oct 19 2023 - ESG Focus
5
Australian Insurers And The Weather

Oct 19 2023 - Feature Stories

Latest Insurance News

1
SMSFundamentals: Older People Are Life Insurers’ Future Challenge

Oct 26 2023 - SMSFundamentals
2
Australian Insurers And The Weather

Oct 19 2023 - Feature Stories
3
Steadfast Group’s US Entry Full Of Promise

Oct 11 2023 - Australia
4
Pros And Cons Of Insurance Companies

Aug 02 2023 - Australia
5
Underlying Trends Positive For QBE Insurance

May 15 2023 - Australia
6
Rates Over Reinsurance For General Insurers 

Feb 01 2023 - Australia
7
Climate Costs Burden Heaviest For Aussie Insurers

Jun 01 2022 - Australia
8
In Brief: Risks From Russia, House Prices And Insurance Brokers

Feb 04 2022 - Australia
9
IAG Fails The Weather Test, But All Is Not Lost

Nov 03 2021 - Australia
10
Growth Returns For Suncorp

Aug 10 2021 - Australia