Key highlights

  • IAG reported FY26 NPAT of $1,022 million and gross Written Premium of $18,412 million on 13 August 2026.
  • The full-year Dividend was 32 cents per share, with the final dividend 20 cents and franking increased to 80%.
  • FY27 guidance is for gross written premium growth of 5% to 8% and a reported insurance Margin of 14.5% to 16.5%.

Insurance Australia Group (ASX:IAG) released its FY26 results on 13 August 2026. The announcement covered profit, premium growth, claims costs and dividends, and described a year that included the completion of the RACQ Insurance Acquisition and the launch of its Ambition 2030 strategy.

About IAG

IAG is an Australian and New Zealand general insurer. Its brands include NRMA Insurance, CGU and others, and it operates through retail direct and intermediated channels. Alliances with RACQ in Queensland and RAC in Western Australia form part of its distribution.

Profit and premium

Net profit after tax was $1,022 million compared with $1,359 million in FY25, which had benefited from a $330 million pre-tax Business interruption provision release and $195 million of favourable peril experience. Pre-tax insurance profit was $1,552 million against $1,743 million, mainly reflecting natural perils that were $114 million unfavourable in FY26.

Underlying insurance profit rose to $1,578 million from $1,542 million, and gross written premium increased to $18,412 million from $17,106 million. Retail direct growth was about 5% in Australia and New Zealand.

Claims, customers and dividends

Claims paid were $12.4 billion, up from $10.2 billion. Customer experience scores improved to 54.7 in Australia and 63.0 in New Zealand, from 45.1 and 54.5. The final dividend was 20 cents per share and the full-year dividend 32 cents, up from 31 cents, with franking increased to 80%.

Strategy and FY27 guidance

The company completed the RACQ Insurance acquisition and continued its technology platform transformation. Its Ambition 2030 strategy sets out its longer-term financial targets. For FY27, IAG guides to gross written premium growth of 5% to 8% and a reported insurance margin of 14.5% to 16.5%.

Risks to consider

Natural perils were higher than in FY25 and reduced insurance profit. Weather events, Reinsurance costs and claims Inflation can affect margins from year to year.

Technology platform transformation and acquisition integration carry execution risk. NPAT was lower than in FY25, partly because the earlier year included one-off benefits, so comparisons depend on those items. Guidance is forward looking and subject to conditions.

Catalysts to watch

Items to watch include the FY27 premium growth range of 5% to 8%, the reported insurance margin of 14.5% to 16.5%, integration of RACQ Insurance, natural peril experience, and progress under Ambition 2030.