Insurance Australia Group is a general insurer with around AUD 18 billion of annual gross written premiums operating in Australia and New Zealand. It is a custodian of well-known heritage brands that include NRMA, CGU, SGIO, SGIC, and Swann Insurance in Australia and State, NZI, AMI, and Lumley in New Zealand. The insurer carries concentrated weather and earthquake risk in Australia and New Zealand.
Underwriting discipline, productivity initiatives, and a focus on profitable growth will see the firm consistently return its cost of capital.
Competition could increase and win market share from incumbents, such as Insurance Australia Group, by offering lower premiums, regardless of the impact on short-term profits and returns.
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Metric
|
IAG
|
QBE
|
SUN
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.07 | 10.70 | 19.42 |
Price/Book Value | 84.31 | 2.01 | 1.89 |
Price/Sales | — | 0.92 | 1.28 |
Price/Cash Flow | — | 6.66 | 12.62 |
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Metric
|
IAG
|
QBE
|
SUN
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | 11.40 | 3.81 |
|
Metric
|
IAG
|
QBE
|
SUN
|
|---|---|---|---|
Return on Assets (Normalized) | — | 19.97% | 3.50% |
Return on Equity (Normalized) | — | 84.34% | 10.08% |
Return on Invested Capital (Normalized) | — | 63.47% | 5.61% |
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1-Day Chart
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United States