INSURANCE AUSTRALIA GROUP LIMITED (IAG)
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IAG

IAG - INSURANCE AUSTRALIA GROUP LIMITED

FNArena Sector : Insurance
Year End: June
GICS Industry Group : Insurance
Debt/EBITDA: N/A
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Insurance Australia Group is an insurance company formed by the demutualisation of the NRMA Insurance business in July 2000. It is not a customer-facing brand, but an umbrella organisation that holds many well known insurance brands in Australia, NZ and Asia, incl NRMA Insurance and CGU.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$8.89

26 Oct
2026

-0.030

OPEN

$8.76

-0.34%

HIGH

$8.89

4,318,050

LOW

$8.73

TARGET
$8.70

+0.52 change from previous day

 -2.1% downside
Franking for last dividend paid out: 80%
OTHER COMPANIES IN THE SAME SECTOR
AUB . FCL . GDG . HLI . MPL . NHF . NOL . QBE . SDF . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
IAG: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 43.4 47.9 xxx
DPS (cps) xxx 32.0 33.5 xxx
EPS Growth xxx - 24.5% 10.4% xxx
DPS Growth xxx 3.2% 4.7% xxx
PE Ratio xxx N/A 18.4 xxx
Dividend Yield xxx N/A 3.8% xxx
Div Pay Ratio(%) xxx 73.7% 69.9% xxx

Dividend yield today if purchased 3 years ago: 5.73%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.63

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 24/08 - ex-div 20.00c (franking 80%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx43.4
DPS All xxxxxxxxxxxxxxx32.0
Sales/Revenue xxxxxxxxxxxxxxx19,365.0 M
Book Value Per Share xxxxxxxxxxxxxxx310.5
Net Operating Cash Flow xxxxxxxxxxxxxxx1,042.0 M
Net Profit Margin xxxxxxxxxxxxxxx5.28 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx14.04 %
Return on Invested Capital xxxxxxxxxxxxxxx9.92 %
Return on Assets xxxxxxxxxxxxxxx3.79 %
Return on Equity xxxxxxxxxxxxxxx14.04 %
Return on Total Capital xxxxxxxxxxxxxxx17.67 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx85 M
Long Term Debt xxxxxxxxxxxxxxx3,158 M
Total Debt xxxxxxxxxxxxxxx3,243 M
Goodwill - Gross xxxxxxxxxxxxxxx2,880 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,047 M
Price To Book Value xxxxxxxxxxxxxxx2.61

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,710 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx12,470 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

14/10/2026

3

Neutral

$8.20

-7.76%

Insurance Australia Group has offered to sell the renewal rights to its NRMA branded Home and Personal Motor customers in WA, in response to competition issues raised by the ACCC in its proposed acquisition of RACI (RACWA).

Macquarie points out the public benefits phase is expected to be completed in December. The broker adds no sell-side analyst has incorporated the acquisition into their forecasts (suggesting there's no wave of downgrades to forecasts forthcoming).

As the shares are considered "fairly priced", Macquarie retains its Neutral rating. Target $8.20.

FORECAST
Macquarie forecasts a full year FY27 dividend of 34.00 cents and EPS of 48.70 cents.
Macquarie forecasts a full year FY28 dividend of 36.00 cents and EPS of 51.10 cents.

Ord Minnett

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

19/10/2026

3

Neutral

$7.90

-11.14%

Jarden retains a Neutral rating for Insurance Australia Group with a $7.90 target price as the company enters the public benefits phase of the ACCC merger control regime regarding the RACWA transaction.

The insurer announced four commitments to improve public benefits and address regulatory competition concerns, highlighted by the proposed renewal rights sale of the active NRMA home and motor book in Western Australia.

The analyst notes the base case assumes the deal will ultimately fail to gain approval due to substantial pro-forma concentration risks alongside the highly profitable, low natural hazard exposure of the RACWA business.

Should the public benefits test fail and the Tribunal ruling prove unfavourable, Jarden estimates the $1.35bn in capital earmarked for the acquisition could fund a 1% to 2% EPS accretive buyback.

The public benefits phase is expected to conclude by December 2026, with Jarden viewing the probability of a successful deal completion remaining below 50%.

FORECAST
Jarden forecasts a full year FY27 dividend of 33.00 cents and EPS of 44.70 cents.
Jarden forecasts a full year FY28 dividend of 38.00 cents and EPS of 48.50 cents.
Access Extra Coverage Research History >

IAG STOCK CHART

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