Insurance Australia Group Ltd (ASX: IAG) Share Price and News
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Insurance Australia Group Ltd Chart and Price Data
Fundamentals Data provided by Morningstar.
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as at 24 Feb 3:44pm
Insurance Australia Group Ltd (ASX: IAG)
Latest News
Earnings Results
Experts forecast the ASX 200 winners and losers this earnings season
Share Market News
Here are the top 10 ASX 200 shares today
Financial Shares
Own IAG shares? Here’s what to expect from the insurance giant’s FY23 results
Financial Shares
The IAG share price just hit a 3-year high. Too late to buy?
52-Week Highs
6 ASX All Ords shares smashing new 52-week highs today
52-Week Highs
3 ASX insurance shares have hit 52-week highs this month. Is there a catch?
Share Market News
Where can ASX investors find value as interest rates cut into earnings?
Financial Shares
Why a ‘turning point’ could spark a rise for the IAG share price
Share Market News
Here are the top 10 ASX 200 shares today
Broker Notes
Are ASX insurance shares a buy amid rising premiums?
Bank Shares
Worried about CBA shares? Here’s where fund managers are going instead
Financial Shares
What is Goldman Sachs saying about IAG shares?
Frequently Asked Questions
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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.
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Yes, the company offers a dividend reinvestment plan (DRP) as an alternative to receiving cash dividends on ordinary shares.
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IAG listed on the ASX on 8 August 2000.
Dividend Payment History Data provided by Morningstar.
Ex-Date | Amount | Franking | Type | Payable |
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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.
Date | Announcement | Price Sensitive? | Time | No. of Pages | File Size |
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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.
Date | Close | Change | % Change | Volume | Open | High | Low |
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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.
Date | Director | Type | Amount | Value | Notes |
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30 Aug 2022 | George Sartorel | Buy | 10 | $46,455 |
On-market trade.
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25 Aug 2022 | Scott Pickering | Buy | 5 | $22,734 |
On-market trade.
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25 Aug 2022 | Jonathan (Jon) Nicholson | Buy | 2 | $9,978 |
On-market trade. As per announcement on 31-08-2022
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18 Aug 2022 | Nicholas Hawkins | Buy | 62 | $286,509 |
Conversion of securities. There is no transaction reported for Conversion of Deferred Award Rights
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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.
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Directors & Management Data provided by Morningstar.
Name | Title | Start Date | Profile |
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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.
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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.
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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).
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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.
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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).
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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.
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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.
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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.
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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.
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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).
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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.
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Mr Peter W Horton | Company SecretaryGroup General Counsel | Dec 2019 |
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Ms Jane Margaret Bowd | Additional Company Secretary | Jun 2020 |
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Jane Margaret Bowd | Additional Company Secretary |
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Amanda Whiting | Chief Executive New Zealand |
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Michelle McPherson | Chief Financial Officer |
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Tim Plant | Chief Insurance and Strategy Officer Acting Chief Risk Officer |
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Neil Morgan | Chief Operating Officer |
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Peter Taylor | Chief Risk Officer |
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Peter W Horton | Company SecretaryGroup General Counsel |
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Julie Batch | Group Executive Direct Insurance Australia |
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Jarrod Hill | Group Executive Intermediated Insurance Australia |
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Christine Stasi | Group Executive People Performance and Reputation |
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Peter Horton | Group General Counsel and Company Secretary |
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Top Shareholders 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% |