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$14.14 Billion
AUD as of July 1, 2023
US$9.42 Billion
Insurance Australia Group Limited Categories
Australia
languages
Financials
languages
Insurance—Property & Casualty
Australia 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
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Chubb Limited
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$79.57 B |
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Tokio Marine Holdings, Inc.
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General Accident plc
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Sector:
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Berkshire Hathaway
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Visa
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JPMorgan
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$430.80 B |
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Mastercard
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$382.39 B |
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Bank of America
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$231.26 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.
Stocks & Indices
Insurance Australia Group Limited has the following listings and related stock indices.
Stock: ASX: IAG
Stock: ASX: IAGPD
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)