Insurance Australia Group (ASX:IAG): Up 19.01% in Six Months — Historical Returns at a Glance

Sonal Goyal

22 October 2026 09:23 PM AEDT

Insurance Australia Group (ASX:IAG): Up 19.01% in Six Months — Historical Returns at a Glance

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Key highlights

Insurance Australia Group (ASX:IAG) shares were priced at $8.89 as at 4:10 pm GMT+11 on 22 October 2026, up 1.95% on the day and up 19.01% over six months.
On 14 October 2026 IAG said it had offered commitments to the ACCC in support of its proposed alliance with RAC in Western Australia.
The commitments include transferring NRMA Insurance renewal rights in Western Australia and $20 million of community resilience Investment over a decade.

Insurance Australia Group Ltd (ASX:IAG) shares were priced at $8.89 as at 4:10 pm GMT+11 on 22 October 2026, up 1.95% (up $0.17) on the day, and the share performance data shows the stock up 19.01% over six months. IAG is an Australian general insurer with brands including NRMA Insurance. In an ASX release dated 14 October 2026, it provided an update on its ACCC Merger review for a proposed alliance with the Royal Automobile Club of Western Australia (RAC).

About Insurance Australia Group Ltd: Business overview

Insurance Australia Group Limited underwrites home, motor and commercial insurance in Australia and New Zealand under brands that include NRMA Insurance. It reports gross written premium, underlying insurance profit and an insurance margin, and has pursued strategic transactions including its Acquisition of RACQ Insurance and a proposed alliance with RAC in Western Australia.

ACCC merger review update (14 October 2026)

IAG said it had responded to competition issues raised by the ACCC by offering commitments, and was seeking a determination that the proposed alliance with RAC be allowed on public benefit grounds. It said the alliance would bring claims expertise, natural peril response capacity, technology and access to Reinsurance and capital markets.

The commitments include transferring renewal rights for active NRMA Insurance home and motor policies in Western Australia to another insurer through a sale process, addressing the availability of RAC home insurance products in northern Western Australia, investing $20 million over a decade in community resilience initiatives and tighter measures if IAG breaches requirements on RAC-branded product pricing.

Earlier FY26 results and guidance (13 August 2026)

In its FY26 results, IAG reported net profit after tax of $1,022 million, gross Written Premium of $18,412 million and claims paid of $12.4 billion, with a total Dividend of 32.0 cents per share. For FY27 it guided to gross written premium growth of 5–8% and a reported insurance Margin of 14.5–16.5%.

Related sector context

Insurers, lenders and fleet-leasing businesses are influenced by interest rates, claims or Credit experience, funding costs, regulation and corporate activity. Their reports typically cover premiums or Loan books, profit measures, dividends and capital management, and strategic transactions such as schemes of arrangement are announced with conditions and timetables.

Risks to weigh in

The proposed RAC alliance remains subject to the ACCC’s determination, and commitments may be amended or may not satisfy the regulator. Insurance results depend on claims experience, natural peril events, reinsurance, investment returns and competition on pricing. Guidance ranges rest on assumptions that can change.

Catalysts on watch

The ACCC’s determination on IAG’s public benefits application for the RAC alliance.

IAG’s progress against its FY27 premium growth and margin ranges.

Weather and catastrophe claims through the summer period.

Final word

IAG’s share performance data shows a six-month gain of about 19%, and its latest announcement sets out commitments in a regulatory process. The ACCC’s determination and later results will show how those items resolve.

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