Insurance Australia Group Ltd
IAG: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| A$2.60 | Hrkt | Jytxdchd |
Insurance Australia Group to Benefit From Premium Increases and Higher Investment Income
Business Strategy and Outlook
Insurance Australia Group is a general insurer with around AUD 14 billion of annual gross written premiums operating in Australia and New Zealand. Insurance Australia Group is a custodian of well-known heritage brands which include NRMA, CGU, SGIO, SGIC, Swann Insurance in Australia; and State, NZI, AMI, Lumley in New Zealand. Some brands are specific to certain states, but at a group level the insurer carries concentrated weather and earthquake risk in Australia and New Zealand.