Company
Insurance Australia Group Limited
Headquarters: Sydney, NSW, Australia
Founded: 2000
Employees: 13,500
CEO: Mr. Nicholas B. Hawkins B.Com., BCom, CA, F.C.A., FCA
Market Cap
A$13.76 Billion
AUD as of Jan. 1, 2024
US$9.37 Billion
Insurance Australia Group Limited Categories
Australia Financials Insurance—Property & CasualtyAustralia Financials Australia Insurance—Property & Casualty
Company Description
Insurance Australia Group, also known as IAG, is a multinational insurance company. It is the parent organization holding many well-known insurance brands in Australia, New Zealand, Thailand, Malaysia, India, Vietnam, and Indonesia.
Top Competitors by Market Capitalization
Industry: Insurance—Property & Casualty
| Company | Market Cap (USD) |
|---|---|
| The Progressive Corporation | $95.50 B |
| Chubb Limited | $92.74 B |
| Tokio Marine Holdings, Inc. | $50.24 B |
| The Travelers Companies, Inc. | $43.98 B |
| The Allstate Corporation | $38.86 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $797.77 B |
| Visa | $530.20 B |
| JPMorgan | $495.55 B |
| Mastercard | $392.71 B |
| Bank of America | $267.48 B |
Detailed Description
Insurance Australia Group Limited operates as a general insurance company in Australia and New Zealand. It offers personal and commercial insurance products, including bicycle, comprehensive motor, commercial and motor fleet, commercial property and liability, construction and engineering, consumer credit, compulsory third party, directors and officers, extended warranty, farm, crop, livestock, home and contents, income protection, marine, veteran, vintage and classic car, boat, caravan, travel, life, professional indemnity, public and product liability, security, workers' compensation, motor vehicle, business, and rural and horticultural, as well as reinsurance. The company sells its products through branches and agencies, call centers, online facilities, and intermediary channels; and third parties under the NRMA Insurance, SGIO, SGIC, CGU Insurance, WFI, Swann Insurance, NZI, State, AMI, Lumley, AmGeneral, and Kurnia brands. The company was formerly known as NRMA Insurance Group Limited and changed its name to Insurance Australia Group Limited in 2002. Insurance Australia Group Limited was founded in 1920 and is headquartered in Sydney, Australia.
Top 1-year algo backtest: +284.14%
$10,000 in April 2023 would now be $38,414 by following this algorithm daily at market close.
Boost your stocks returns with Disfold AI... Now!
Try Disfold AI for FREE
Stocks & Indices
Insurance Australia Group Limited has the following listings and related stock indices.
Stock: ASX: IAG wb_incandescent
Stock: ASX: IAGPD wb_incandescent
Product & Services
General, commercial, vehicle, home and contents insurance,
Key People
Elizabeth Bryan (Chair)
Financials
Revenue: A$11.8 billion (2017)
Net income: A$929 million (2017)