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Insurance Australia Group Ltd

Financial Services AU IAG

7.76AUD
-0.09(1.15%)

Last update at 2024-11-13T05:10:00Z

Day Range

7.767.91
LowHigh

52 Week Range

5.297.92
LowHigh

Fundamentals

  • Previous Close 7.85
  • Market Cap18528.05M
  • Volume4905886
  • P/E Ratio21.16
  • Dividend Yield4.46%
  • EBITDA1734.00M
  • Revenue TTM15994.00M
  • Revenue Per Share TTM6.64
  • Gross Profit TTM 362.00M
  • Diluted EPS TTM0.37

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Income before tax 1354.00M 564.00M -388.00000M 544.00M 1332.00M
Minority interest -99.00000M -77.00000M 310.00M 607.00M 551.00M
Net income 832.00M 347.00M -414.00000M 435.00M 1076.00M
Selling general administrative 230.00M 169.00M 386.00M 193.00M 193.00M
Selling and marketing expenses - - - - -
Gross profit 8817.00M 7574.00M 7878.00M 7219.00M 9063.00M
Reconciled depreciation 268.00M 139.00M 267.00M 197.00M 170.00M
Ebit 931.00M 255.00M -645.00000M 187.00M 1533.00M
Ebitda 1116.00M 394.00M -378.00000M 384.00M 1703.00M
Depreciation and amortization 185.00M 139.00M 267.00M 197.00M 170.00M
Non operating income net other - - - - -
Operating income 931.00M 255.00M -645.00000M 187.00M 1533.00M
Other operating expenses 7318.00M 6917.00M 8177.00M 6583.00M 7901.00M
Interest expense 145.00M 93.00M 89.00M 92.00M 94.00M
Tax provision 429.00M 140.00M -125.00000M 37.00M 363.00M
Interest income 409.00M 179.00M 148.00M 200.00M 301.00M
Net interest income -209.00000M -93.00000M -89.00000M -92.00000M -94.00000M
Extraordinary items - 0.00000M -13.00000M -4.00000M 205.00M
Non recurring - - - - -
Other items - - - - -
Income tax expense 429.00M 140.00M 125.00M 37.00M 363.00M
Total revenue 8817.00M 7574.00M 7878.00M 7219.00M 9063.00M
Total operating expenses 7318.00M 6917.00M 8177.00M 6583.00M -7530.00000M
Cost of revenue - - - - 7463.00M
Total other income expense net 1354.00M 564.00M -388.00000M 544.00M -201.00000M
Discontinued operations - - -13.00000M -4.00000M 205.00M
Net income from continuing ops 1399.00M 424.00M -264.00000M 498.00M 969.00M
Net income applicable to common shares 832.00M 347.00M -427.00000M 435.00M 1076.00M
Preferred stock and other adjustments - - - - -
Breakdown 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Type yearly yearly yearly yearly yearly
Date 2024-06-30 2023-06-30 2022-06-30 2021-06-30 2020-06-30
Total assets 25617.00M 35026.00M 34083.00M 33449.00M 29694.00M
Intangible assets 947.00M 1961.00M 1618.00M 1384.00M 1239.00M
Earning assets - - - - -
Other current assets 9088.00M 8251.00M 13894.00M 14164.00M 12878.00M
Total liab 18500.00M 2139.00M 2055.00M 1987.00M 1526.00M
Total stockholder equity 6660.00M 6626.00M 6184.00M 6266.00M 6096.00M
Deferred long term liab - 3340.00M 2916.00M 2745.00M 2653.00M
Other current liab 118.00M -2497.00000M -2324.00000M -1534.00000M -1435.00000M
Common stock 6836.00M 7264.00M 7386.00M 7386.00M 6617.00M
Capital stock 6815.00M 7243.00M 7362.00M 7353.00M 6568.00M
Retained earnings -195.00000M -638.00000M -1202.00000M -1120.00000M -521.00000M
Other liab - 7475.00M 8078.00M 8243.00M 6687.00M
Good will 2811.00M 2830.00M 2823.00M 2829.00M 2862.00M
Other assets - 28291.00M 28112.00M 26628.00M 22632.00M
Cash 1841.00M 1353.00M 938.00M 1998.00M 2298.00M
Cash and equivalents - 474.00M 350.00M 326.00M 405.00M
Total current liabilities 1171.00M 2497.00M 2324.00M 1534.00M 1435.00M
Current deferred revenue - - - - -
Net debt 1096.00M 1283.00M 1610.00M 574.00M -117.00000M
Short term debt 70.00M 74.00M 74.00M 79.00M 82.00M
Short long term debt - - - - 1526.00M
Short long term debt total 2937.00M 2636.00M 2548.00M 2572.00M 2181.00M
Other stockholder equity -21.00000M -6626.00000M -6184.00000M -6266.00000M -6096.00000M
Property plant equipment - 591.00M 592.00M 610.00M 663.00M
Total current assets 9088.00M 1353.00M 938.00M 1998.00M 2298.00M
Long term investments 12891.00M 10950.00M 11256.00M 10775.00M 8470.00M
Net tangible assets - 3018.00M 2752.00M 3026.00M 2943.00M
Short term investments -1210.00000M 882.00M 588.00M 1672.00M 1981.00M
Net receivables 822.00M 5648.00M 4580.00M 4354.00M 4144.00M
Long term debt 2499.00M 2139.00M 2019.00M 1987.00M 1526.00M
Inventory -1453.00000M - - - -
Accounts payable 983.00M 2423.00M 2250.00M 1455.00M 1353.00M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 40.00M 45.00M 3.00M 13.00M 30.00M
Additional paid in capital - - - - -
Common stock total equity - - - - 6568.00M
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - -33.00000M -49.00000M
Accumulated amortization - - - - -
Non currrent assets other 11219.00M -5382.00000M -5033.00000M -4823.00000M -4764.00000M
Deferred long term asset charges - - - - -
Non current assets total 16529.00M 5382.00M 5033.00M 4823.00M 4764.00M
Capital lease obligations 438.00M 497.00M 529.00M 585.00M 655.00M
Long term debt total - 2636.00M 2584.00M 2572.00M 2181.00M
Breakdown 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Type yearly yearly yearly yearly yearly
Date 2023-06-30 2022-06-30 2021-06-30 2020-06-30 2019-06-30
Investments 583.00M -1426.00000M -2409.00000M 968.00M 668.00M
Change to liabilities 315.00M -120.00000M -94.00000M -209.00000M -91.00000M
Total cashflows from investing activities 394.00M -1459.00000M -2418.00000M 1568.00M 1075.00M
Net borrowings -5.00000M -7.00000M 375.00M -625.00000M 97.00M
Total cash from financing activities -437.00000M -526.00000M 516.00M -1323.00000M -1319.00000M
Change to operating activities -992.00000M -190.00000M 1955.00M 10.00M -156.00000M
Net income 832.00M 347.00M -427.00000M 435.00M 1076.00M
Change in cash 415.00M -1091.00000M -293.00000M 624.00M 353.00M
Begin period cash flow 938.00M 2029.00M 2322.00M 1698.00M 1345.00M
End period cash flow 1353.00M 938.00M 2029.00M 2322.00M 1698.00M
Total cash from operating activities 452.00M 899.00M 1610.00M 381.00M 589.00M
Issuance of capital stock - - 764.00M - -
Depreciation 135.00M 122.00M 235.00M 169.00M 170.00M
Other cashflows from investing activities 394.00M -1459.00000M -2418.00000M 1568.00M 1075.00M
Dividends paid 270.00M 468.00M 173.00M 693.00M 952.00M
Change to inventory - - - - -
Change to account receivables - - - - -
Sale purchase of stock -122.00000M -122.00000M -682.00000M -764.00000M -465.00000M
Other cashflows from financing activities -167.00000M 175.00M 689.00M -5.00000M 1.00M
Change to netincome 112.00M 723.00M -76.00000M -42.00000M -410.00000M
Capital expenditures 0.00000M 0.00000M 0.00000M 0.00000M 0.00000M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital -1845.00000M -1723.00000M -1639.00000M -1472.00000M -1045.00000M
Stock based compensation 9.00M 15.00M 13.00M 23.00M -
Other non cash items -524.00000M 415.00M 1789.00M -246.00000M -1246.00000M
Free cash flow 452.00M 899.00M 1610.00M 381.00M 589.00M

Peer Comparison

Sector: Financial Services Industry: Insurance - Property & Casualty

Company Change (AUD) Price (AUD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
IAG
Insurance Australia Group Ltd		 -0.09 1.15% 7.76 21.16 14.27 1.16 2.33 1.39 -
QBE
Qbe Insurance Group Ltd		 0.10 0.54% 18.67 10.35 10.59 1.23 1.72 1.05 -
SUN
Suncorp Group Ltd		 -0.15 0.80% 18.65 27.09 18.08 1.81 1.68 1.88 -
SUNPH
Suncorp Group Limited		 -0.12 0.12% 102.82 148.17 - - - - -
TWR
Tower Ltd		 -0.02 1.64% 1.20 12.20 9.96 1.02 1.49 1.01 -

Reports Covered

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Profile

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand. It offers cars, motorcycles, dirt bike, homes, businesses, travel, boats, caravans, landlord, farm, business, trade, strata and investment property requirements, rural and personal, construction and engineering, compulsory third party, directors and officers, professional indemnity, workers' compensation, marine, liability, homeowners warranty, casualty insurance products, as well as reinsurance. The company sells its products through branches and agencies, call centers, online, insurance brokers, authorized representatives, motor dealerships, and financial institutions; and third parties under the NRMA Insurance, CGU, ROLLiN, WFI, Swann Insurance, NZI, State, AMI, and Lumley Insurance 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 based in Sydney, Australia.

Insurance Australia Group Ltd

Tower Two, Sydney, NSW, Australia, 2000

Key Executives

Name Title Year Born
Mr. Nicholas B. Hawkins B.Com., BCom, CA, F.C.A., FCA MD, CEO & Exec. Director 1968
Ms. Michelle McPherson BBUS(ACCT.), CA, GAICD Group Chief Financial Officer NA
Mr. Neil Morgan B.Sc. Chief Operating Officer NA
Mr. Peter John Horton Group Gen. Counsel & Company Sec. NA
Ms. Christine Stasi B.A. Group Exec. of People, Performance & Reputation NA
Mr. Timothy Paul Plant AMP, B.Agr Sc, B.Sc., Grad. Dip., M.B.A., MBA Chief Insurance & Strategy Officer 1966
Mr. Peter John Taylor B.Com. Group Chief Risk Officer NA
Ms. Amanda G. Whiting Chief Exec. of New Zealand NA
Ms. Julie Batch Group Exec. of Direct Insurance Australia NA
Mr. Jarrod Hill Group Exec. of Intermediated Insurance Australia NA

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