INSURANCE AUSTRALIA GROUP LIMITED (IAG)
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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

$6.33

16 Apr
2024

-0.070

OPEN

$6.36

-1.09%

HIGH

$6.39

3,606,100

LOW

$6.31

TARGET
$6.078 -4.0% downside
Franking for last dividend paid out: 40%
OTHER COMPANIES IN THE SAME SECTOR
AUB . CVW . FCL . GDG . HLI . MPL . NHF . NOL . PSI . QBE . SDF . SUN . TWR .
FNARENA'S MARKET CONSENSUS FORECASTS
IAG: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx N/A 32.2 xxx
DPS (cps) xxx N/A 26.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 19.9 xxx
Dividend Yield xxx N/A 4.0% xxx
Div Pay Ratio(%) xxx N/A 80.7% xxx

Dividend yield today if purchased 3 years ago: 3.09%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

2.34

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: 21/02 - ex-div 10c (franking 40%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx33.9
DPS All xxxxxxxxxxxxxxx15.0
Sales/Revenue xxxxxxxxxxxxxxx8,926.0 M
Book Value Per Share xxxxxxxxxxxxxxx272.4
Net Operating Cash Flow xxxxxxxxxxxxxxx452.0 M
Net Profit Margin xxxxxxxxxxxxxxx9.32 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx12.99 %
Return on Invested Capital xxxxxxxxxxxxxxx9.30 %
Return on Assets xxxxxxxxxxxxxxx2.41 %
Return on Equity xxxxxxxxxxxxxxx12.99 %
Return on Total Capital xxxxxxxxxxxxxxx16.11 %
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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx74 M
Long Term Debt xxxxxxxxxxxxxxx2,562 M
Total Debt xxxxxxxxxxxxxxx2,636 M
Goodwill - Gross xxxxxxxxxxxxxxx2,830 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,353 M
Price To Book Value xxxxxxxxxxxxxxx2.09

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx-
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx-
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx2,108 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx10,940 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

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

19/02/2024

3

Equal-weight

$5.45

-13.90%

Insurance Australia Group's 1H profit missed the consensus forecast by-7% on a higher combined operating ratio (COR) and a retentions drop, explains Morgan Stanley. 

The reported insurance margin of 13.7% compared to the 14% forecast by consensus due to lower investment income, explain the analysts. This margin recovered from 12.5% in FY23 and entered the FY24 guidance range of 13.5-15.5%.

Management left FY24 margin guidance unchanged, despite a reduction in the CAT budget, implying to the broker weaker trends elsewhere.

The target falls to $5.45 from $5.50. The broker's Equal-weight rating is maintained on a full valuation. Industry view: In-line.

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 27.00 cents and EPS of 32.30 cents.
Morgan Stanley forecasts a full year FY25 dividend of 32.00 cents and EPS of 36.00 cents.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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IAG STOCK CHART