Insurance Australia Group Ltd
IAG: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| <.Z | LOCK|Ms | LOCK|<^^Ps$@ |
Insurance Australia Group: Bringing Regional Member-Owned Insurers Under One Roof
Insurance Australia Group has agreed to pay AUD 1.35 billion for the insurance book of The Royal Automobile Club of Western Australian and enter a 20-year exclusive agreement to provide its members with insurance products. It adds AUD 1.5 billion to the insurer's gross written premiums.
