Insurance Australia Group Ltd (ASX: IAG) Share Price and News

Price

 

Movement

   

  (20 mins delayed)

52 Week Range

  -  

 
1 Year Return

 

Insurance Australia Group Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $14.74 billion
P/E Ratio 24.21
Dividend Yield 1.84%
Shares Outstanding 2.44 billion
Earnings per share 0.247
Dividend per share 0.11
Year To Date Return 27.16%
Earnings Yield 4.13%
Franking 100%
Share Price

Day Change

52 Week Range

-

Yesterday's Close

Today's Open

Days Range

-

Volume

Avg. Volume (1 month)

Turnover

as at 24 Feb 3:44pm

  • Insurance Australia Group Ltd (ASX: IAG)
    Latest News

    A man cheers after winning computer game while woman sitting next to him looks upset.
    Earnings Results

    Experts forecast the ASX 200 winners and losers this earnings season

    The consensus is for solid results but lower dividends and a weaker outlook.

    Read more »

    A woman sits with her hands covering her eyes while lifting her spectacles sitting at a computer on a desk in an office setting.
    Share Market News

    Here are the top 10 ASX 200 shares today

    It was another rough day for ASX 200 shares this Thursday.

    Read more »

    Broker looking at the share price.
    Financial Shares

    Own IAG shares? Here’s what to expect from the insurance giant’s FY23 results

    Is IAG going to deliver something special this month?

    Read more »

    A man clasps his hands together while he looks upwards and sideways pondering how the Betashares Nasdaq 100 ETF performed in the 2022 financial year
    Financial Shares

    The IAG share price just hit a 3-year high. Too late to buy?

    Have you missed the boat on this insurance stock?

    Read more »

    a person stands arms outstretched on the top of a mountain with a beautiful sunrise in the sky
    52-Week Highs

    6 ASX All Ords shares smashing new 52-week highs today

    A mixed bag of ASX All Ords shares have hit new price records today.

    Read more »

    A woman sitting in her lounge room punches the air in a gesture of success, having seen the rising IAG share price on her laptop
    52-Week Highs

    3 ASX insurance shares have hit 52-week highs this month. Is there a catch?

    Top broker Morgan Stanley is concerned that significantly higher premiums could eventually cost customers.

    Read more »

    A man sits in deep thought with a pen held to his lips as he ponders his computer screen with a laptop open next to him on his desk in a home office environment.
    Share Market News

    Where can ASX investors find value as interest rates cut into earnings?

    The economic picture has completely changed.

    Read more »

    A female sharemarket analyst with red hair and wearing glasses looks at her computer screen watching share price movements.
    Financial Shares

    Why a ‘turning point’ could spark a rise for the IAG share price

    Here’s why the clouds are lifting for this insurance giant.

    Read more »

    Top 10 ASX shares today
    Share Market News

    Here are the top 10 ASX 200 shares today

    It was another day of red ink on the markets today...

    Read more »

    a couple consider the advice from a man with documents laid out on a table and the man holding a tablet in his hand.
    Broker Notes

    Are ASX insurance shares a buy amid rising premiums?

    Insurers have pricing power and are reportedly raising premiums by 10% to 20%.

    Read more »

    a woman wearing the black and yellow corporate colours of a leading bank gazes out the window in thought as she holds a tablet in her hands.
    Bank Shares

    Worried about CBA shares? Here’s where fund managers are going instead

    Insurers have pricing power while the banks face strong competition.

    Read more »

    A male investor wearing a white shirt and blue suit jacket sits at his desk looking at his laptop with his hands to his chin, waiting in anticipation.
    Financial Shares

    What is Goldman Sachs saying about IAG shares?

    Can this insurance giant's shares keep rising? Or have they peaked?

    Read more »

    Frequently Asked Questions

    IAG traditionally makes two dividend payments to shareholders yearly, payable in March and September, although the company made only one interim payment of 10 cents per share in March 2020 amid the COVID-19 market crash.

    The company’s dividend payments have been unfranked since March 2021.

    Yes, the company offers a dividend reinvestment plan (DRP) as an alternative to receiving cash dividends on ordinary shares.

    IAG listed on the ASX on 8 August 2000.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    16 Feb 2023 $0.0600 100.00% Interim 23 Mar 2023
    18 Aug 2022 $0.0500 70.00% Final 22 Sep 2022
    16 Feb 2022 $0.0600 0.00% Interim 24 Mar 2022
    17 Aug 2021 $0.1300 0.00% Final 22 Sep 2021
    16 Feb 2021 $0.0700 0.00% Interim 30 Mar 2021
    18 Feb 2020 $0.1000 70.00% Interim 25 Mar 2020
    19 Aug 2019 $0.2000 70.00% Final 30 Sep 2019
    12 Feb 2019 $0.1200 100.00% Interim 20 Mar 2019
    31 Oct 2018 $0.0550 100.00% Special Cash 26 Nov 2018
    21 Aug 2018 $0.2000 100.00% Final 27 Sep 2018
    20 Feb 2018 $0.1400 100.00% Interim 29 Mar 2018
    06 Sep 2017 $0.0000 100.00% Final 09 Oct 2017
    28 Feb 2017 $0.1300 100.00% Interim 30 Mar 2017
    06 Sep 2016 $0.1300 100.00% Final 05 Oct 2016
    29 Feb 2016 $0.1000 100.00% Special 30 Mar 2016
    29 Feb 2016 $0.1300 100.00% Interim 30 Mar 2016
    08 Sep 2014 $0.2600 100.00% Final 08 Oct 2014
    27 Feb 2014 $0.1300 100.00% Interim 02 Apr 2014
    05 Sep 2013 $0.2500 100.00% Final 09 Oct 2013
    28 Feb 2013 $0.1100 100.00% Interim 03 Apr 2013
    30 Aug 2012 $0.1200 100.00% Final 03 Oct 2012
    01 Mar 2012 $0.0500 100.00% Interim 04 Apr 2012
    03 Mar 2011 $0.0900 100.00% Interim 11 Apr 2011
    02 Sep 2010 $0.0450 100.00% Final 06 Oct 2010
    03 Mar 2010 $0.0850 100.00% Interim 12 Apr 2010
    27 Aug 2009 $0.0600 100.00% Final 02 Oct 2009
    04 Mar 2009 $0.0400 100.00% Interim 08 Apr 2009
    28 Aug 2008 $0.0900 100.00% Final 03 Oct 2008
    05 Mar 2008 $0.1350 100.00% Interim 14 Apr 2008
    30 Aug 2007 $0.1600 100.00% Final 08 Oct 2007
    07 Mar 2007 $0.1350 100.00% Interim 16 Apr 2007
    31 Aug 2006 $0.1600 100.00% Final 09 Oct 2006
    18 May 2006 $0.1250 100.00% Special Cash 26 Jun 2006
    02 Mar 2006 $0.1350 100.00% Interim 10 Apr 2006
    08 Sep 2005 $0.1450 100.00% Final 17 Oct 2005
    11 Mar 2004 $0.0800 100.00% Interim 19 Apr 2004

    IAG ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Insurance Australia Group Ltd

    Insurance Australia Group Ltd (ASX: IAG) is the largest general insurance company in Australia and New Zealand. The company had its origins in the National Roads and Motorists' Association (NRMA) insurance business in 2000. IAG provides a range of commercial and personal insurance products, primarily motor vehicle and home insurance.

    Headquartered in Sydney with operations in Australia, New Zealand, and Asia, IAG’s businesses underwrite almost $12 billion of premium per annum, selling insurance under many leading brand names. IAG was listed in 2000 but despite being among the largest companies on the ASX, the IAG share price has dropped markedly since 2019.

    IAG Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    09 Aug 2023 $5.95 $-0.03 -0.50% 5,879,066 $5.89 $5.97 $5.84
    08 Aug 2023 $5.98 $-0.02 -0.33% 9,649,517 $6.03 $6.03 $5.93
    07 Aug 2023 $6.00 $-0.10 -1.64% 2,822,377 $6.06 $6.06 $5.97
    04 Aug 2023 $6.10 $0.11 1.84% 13,192,752 $6.00 $6.10 $5.96
    03 Aug 2023 $5.99 $0.11 1.87% 8,416,091 $5.94 $5.99 $5.90
    02 Aug 2023 $5.88 $-0.08 -1.34% 5,105,045 $5.92 $5.94 $5.86
    01 Aug 2023 $5.96 $0.03 0.51% 3,894,630 $5.98 $5.98 $5.92
    31 Jul 2023 $5.93 $-0.03 -0.50% 3,254,599 $5.95 $6.01 $5.89
    28 Jul 2023 $5.96 $-0.03 -0.50% 3,531,767 $5.96 $6.01 $5.92
    27 Jul 2023 $5.99 $0.05 0.84% 3,559,278 $5.97 $5.99 $5.94
    26 Jul 2023 $5.94 $0.09 1.54% 5,061,804 $5.82 $5.94 $5.82
    25 Jul 2023 $5.85 $-0.05 -0.85% 5,137,849 $5.91 $5.92 $5.82
    24 Jul 2023 $5.90 $0.05 0.85% 5,619,483 $5.89 $5.92 $5.84
    21 Jul 2023 $5.85 $0.05 0.86% 6,261,962 $5.88 $5.88 $5.77
    20 Jul 2023 $5.80 $0.07 1.22% 4,475,397 $5.74 $5.81 $5.74
    19 Jul 2023 $5.73 $-0.07 -1.21% 9,581,767 $5.82 $5.83 $5.72
    18 Jul 2023 $5.80 $0.10 1.75% 7,662,845 $5.74 $5.80 $5.70
    17 Jul 2023 $5.70 $-0.04 -0.70% 8,919,656 $5.76 $5.82 $5.69
    14 Jul 2023 $5.74 $0.00 0.00% 11,074,485 $5.78 $5.79 $5.71
    13 Jul 2023 $5.74 $-0.04 -0.69% 9,576,142 $5.78 $5.82 $5.72
    12 Jul 2023 $5.78 $0.02 0.35% 4,900,126 $5.79 $5.81 $5.75
    11 Jul 2023 $5.76 $0.04 0.70% 7,102,866 $5.76 $5.79 $5.72

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    30 Aug 2022 George Sartorel Buy 10 $46,455
    On-market trade.
    25 Aug 2022 Scott Pickering Buy 5 $22,734
    On-market trade.
    25 Aug 2022 Jonathan (Jon) Nicholson Buy 2 $9,978
    On-market trade. As per announcement on 31-08-2022
    18 Aug 2022 Nicholas Hawkins Buy 62 $286,509
    Conversion of securities. There is no transaction reported for Conversion of Deferred Award Rights
    15 Aug 2022 Sheila McGregor Buy 19 $88,984
    Conversion of securities. As per announcement on 18-08-2022
    There is no transaction mentioned for conversion of rights.
    15 Aug 2022 Scott Pickering Buy 3 $17,797
    Conversion of securities. There is no transaction reported for conversion of right
    As per announcement on 18-08-2022
    15 Aug 2022 Simon Allen Buy 30 $135,976
    On-market trade.

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Dr Helen Marion Nugent Non-Executive Director Dec 2016
    Dr Nugent was Chairman of Swiss Re (Australia) and Swiss Re (Life and Health) Australia, and a Non-Executive Director of Mercantile Mutual. Helen has financial services experience, having been Chairman of Funds SA and Veda Group and a Non-Executive Director of Macquarie Group and the State Bank of New South Wales. She also served on Westpac Banking Corporation's executive team as Director of Strategy, and prior to that specialised in the financial services sector as a Partner at McKinsey & Company.
    Mr Jonathan (Jon) B Nicholson Non-Executive Director Sep 2015
    Mr Nicholson is Non-Executive Chairman of QuintessenceLabs, a Director of Westpac Bicentennial Foundation and a Non-Executive Director of Cape York Partnerships. He previously spent eight years with Westpac Banking Corporation, first as Chief Strategy Officer and later as Enterprise Executive. He retired from Westpac in 2014. Jon's executive career includes senior roles with a variety of financial and corporate institutions, including the Boston Consulting Group. He has also held various roles with the Australian Government, including Senior Private Secretary to the Prime Minister of Australia (Bob Hawke) and senior positions in the Department of the Prime Minister and Cabinet.
    Mr George Savvides Non-Executive Director Jun 2019
    Mr Savvides is a Non-Executive Director of New Zealand's Exchange (NZX) listed entity, Ryman Healthcare since 2013. He is a Non-Executive Chairman of Australian Securities Exchange (ASX) listed biotech company Next Science (since 2018) and Chairman of the Special Broadcasting Service Corporation (SBS) (since July 2020).
    Mr Thomas (Tom) William Pockett Non-Executive DirectorNon-Executive Chairman Jan 2015
    Mr Pockett is Chairman and Non-Executive Director of Stockland Group and a Non-Executive Director of O'Connell Street Associates. He was previously Chief Financial Officer and then Finance Director with Woolworths Limited, and retired from Woolworths Limited in July 2014. Tom has also held senior finance roles at the Commonwealth Bank, Lendlease Corporation and Deloitte.
    Mr Simon Christopher Allen Non-Executive Director Nov 2019
    Mr Allen has over 35 years of commercial experience in the New Zealand and Australian capital markets and was Chief Executive of the investment bank BZW/ABN AMRO in New Zealand for 21 years. He is a Trustee of the New Zealand Antarctic Heritage Trust and was Chair of Channel Infrastructure NZ Limited (previously known as The New Zealand Refining Company Limited).
    Mr Nicholas B Hawkins Chief Executive OfficerManaging Director Apr 2020
    Mr Hawkins has understanding of both global and domestic general insurance along with operational and financial experience. He has joined IAG in 2001, and was worked 12 years as Chief Financial Officer. Prior to this he spent two years as CEO of IAG's New Zealand business. Prior to joining IAG, Nick was a partner at international firm KPMG focusing in financial services.
    Ms Wendy Thorpe Non-Executive Director Jul 2023
    Ms Thorpe executive career has been in financial services, including key leadership roles in technology and operations at AXA, ANZ and AMP. In terms of directorships, Ms Thorpe is currently the Chair of Epworth Healthcare and Online Education Services, and a Non-Executive Director of Heritage & Peoples Choice, auDA and Data Action. Ms Thorpe was also previously a Non-Executive Director of Tower Limited, Ausgrid, and AMP Bank.
    Ms Michelle Kim Tredenick Non-Executive Director Mar 2018
    Ms Tredenick is a Non-Executive Director of the Bank of Queensland (since 2011), where she chairs the Information Technology Committee. She was recently appointed as a Non-Executive Director of First Sentier Investors in June 2020. She is a Director of Cricket Australia (since 2015) and Urbis Pty Ltd (since 2016). Michelle is also a member of The Ethics Centre Board and a member of the Senate of The University of Queensland.
    Mr David Hugh Armstrong Non-Executive Director Sep 2021
    Mr Armstrong is a former Partner of PricewaterhouseCoopers, with more than 40 years of experience in professional services. He has a deep knowledge and understanding of banking and capital markets, real estate and infrastructure, and is well versed in reporting, regulatory and risk challenges faced by the industry. David is a Non-Executive Director of the National Australia Bank, where he chairs the Audit Committee, and is a member of its Risk & Compliance Committee. He is also the President of the Australian Museum Trust, Chair of The George Institute for Global Health, Director of the Opera Australia Capital Fund Limited and the Trustee of Lizard Island Reef Research Foundation.
    Mr Scott Pickering Non-Executive Director Nov 2021
    Mr Pickering is an insurance executive with general and commercial insurance experience. He has worked in direct and intermediated insurance globally including in South East Asia, the Middle East, Africa and Central and Eastern Europe. He is a former Regional CEO for Asia and the Middle East at Royal Sun Alliance; and Regional CEO and a Group Executive for parts of Europe, Middle East, Africa and South Africa for Willis International (now Willis Towers Watson).
    Mr George David Sartorel Non-Executive Director Sep 2021
    Mr Sartorel has worked asinsurance CEO, with operational, business and technology experience spanning property, casualty, health, life insurance and asset management gained in leadership positions over a thirty-year career with Allianz across Australia, Italy, Turkey, Europe and Asia. His executive roles at Allianz included Regional Chief Executive Officer, Asia Pacific (Singapore) and as a member of the Allianz International Executive Committee. While at Allianz, Mr Sartorel led initiatives in data analytics, developed and patented new products/pricing methods, and was a founding member of the global technology venture arm.
    Mr Peter W Horton Company SecretaryGroup General Counsel Dec 2019
    -
    Ms Jane Margaret Bowd Additional Company Secretary Jun 2020
    -
    Jane Margaret Bowd Additional Company Secretary
    -
    Amanda Whiting Chief Executive New Zealand
    -
    Michelle McPherson Chief Financial Officer
    -
    Tim Plant Chief Insurance and Strategy Officer Acting Chief Risk Officer
    -
    Neil Morgan Chief Operating Officer
    -
    Peter Taylor Chief Risk Officer
    -
    Peter W Horton Company SecretaryGroup General Counsel
    -
    Julie Batch Group Executive Direct Insurance Australia
    -
    Jarrod Hill Group Executive Intermediated Insurance Australia
    -
    Christine Stasi Group Executive People Performance and Reputation
    -
    Peter Horton Group General Counsel and Company Secretary
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited 672,500,146 27.28%
    J P Morgan Nominees Australia Pty Limited 327,555,586 13.29%
    Citicorp Nominees Pty Limited 190,017,422 7.71%
    Berkshire Hathaway T/A 97,513,199 3.96%
    National Nominees Limited 94,091,262 3.82%
    BNP Paribas Noms Pty Ltd <Drp> 70,309,803 2.85%
    BNP Paribas Nominees Pty Ltd <Agency Lending Drp A/C> 47,000,547 1.91%
    Citicorp Nominees Pty Limited <Colonial First State Inv A/C> 15,301,168 0.62%
    HSBC Custody Nominees (Australia) Limited <Nt Comnwlth Super Corp A/C> 13,551,643 0.55%
    Australian Foundation Investment Company Limited 9,527,455 0.39%
    HSBC Custody Nominees (Australia) Limited A/C 2 6,703,436 0.27%
    Netwealth Investments Limited <Wrap Services A/C> 4,097,789 0.17%
    Argo Investments Limited 3,910,330 0.16%
    Mutual Trust Pty Ltd 3,764,900 0.15%
    BNP Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd <Drp A/C> 3,544,084 0.14%
    Djerriwarrh Investments Limited 3,142,221 0.13%
    Iag Share Plan Nominee Pty Limited <Iag Dap Unallocated Account> 3,024,615 0.12%
    Navigator Australia Ltd <Sma Antares Inv Dv Build A/C> 2,155,346 0.09%
    Peter & Lyndy White Foundation Pty Ltd <P & L White Foundation A/C> 2,035,999 0.08%
    Citicorp Nominees Pty Limited <Citibank Ny Adr Dep A/C> 1,735,737 0.07%

    Profile

    since

    Note