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    IAG   AU000000IAG3

INSURANCE AUSTRALIA GROUP LIMITED

(IAG)
  Report
Delayed Australian Stock Exchange  -  12:10:46 2023-01-27 am EST
5.080 AUD   +0.79%
01/12Insurance Australia Group Renews Quota Share Deal with Berkshire Hathaway Subsidiary
MT
01/10Insurance Australia : IAG supporting Australian communities impacted by floods
PU
01/09IAG Insurance Successfully Places Catastrophe Reinsurance Program for 2023
MT
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Australian Court Decision on Business Interruption Positive for Insurers -- Market Talk

10/16/2022 | 05:31pm EST

The Australian High Court's decision to reject a special leave to appeal the second business-interruption test case judgment means Australian general insurers won't need to pay the majority of business interruption claims, Credit Suisse analyst Doron Kur says in a note. This is very positive for insurers, with the only small negative being that JobKeeper cannot be deducted from any valid claims and insurers will also be liable for interest charges, he says. "There could be other cases that fall outside the established principles," says Kur, adding that "insurers still need to work through their portfolios to assess claims which could take around three to six months." CS keeps outperform ratings on IAG, Suncorp and QBE. (alice.uribe@wsj.com)


(END) Dow Jones Newswires

10-16-22 1931ET

Stocks mentioned in the article
ChangeLast1st jan.
AURUMIN LIMITED -1.56% 0.063 Delayed Quote.3.28%
GOLD -0.17% 1927.29 Delayed Quote.6.84%
INSURANCE AUSTRALIA GROUP LIMITED 0.79% 5.08 Delayed Quote.6.11%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. 0.09% 171.34 Delayed Quote.38.36%
QBE INSURANCE GROUP LIMITED 0.95% 13.86 Delayed Quote.2.23%
SUNCORP GROUP LIMITED 0.79% 12.81 Delayed Quote.5.56%
All news about INSURANCE AUSTRALIA GROUP LIMITED
01/12Insurance Australia Group Renews Quota Share Deal with Berkshire Hathaway Subsidiary
MT
01/10Insurance Australia : IAG supporting Australian communities impacted by floods
PU
01/09IAG Insurance Successfully Places Catastrophe Reinsurance Program for 2023
MT
2022Insurance Australia Completes AU$500 Million Capital Bond Issue
MT
2022Insurance Australia : Aussies urged to prepare for wild weather as more than half plan to ..
PU
2022Insurance Australia : Joining forces with community partners to help in 2022
PU
2022Arthur J. Gallagher & Co Acquires Aviation Insurance Australia for Undisclosed Amount
MT
2022Insurance Australia Group Limited Estimates Ordinary Dividend on IAGPD - CAP NOTE 3-BBS..
CI
2022Insurance Australia : IAG welcomes the development of sustainable finance strategy
PU
2022Insurance Australia : claims tipped to soar over festive period, AMI says
PU
More news
Analyst Recommendations on INSURANCE AUSTRALIA GROUP LIMITED
More recommendations
Financials
Sales 2023 8 338 M 5 927 M 5 927 M
Net income 2023 1 081 M 769 M 769 M
Net Debt 2023 - - -
P/E ratio 2023 12,4x
Yield 2023 4,82%
Capitalization 12 372 M 8 794 M 8 794 M
Capi. / Sales 2023 1,48x
Capi. / Sales 2024 1,40x
Nbr of Employees 13 650
Free-Float 99,8%
Chart INSURANCE AUSTRALIA GROUP LIMITED
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Insurance Australia Group Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends INSURANCE AUSTRALIA GROUP LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 5,08 AUD
Average target price 5,36 AUD
Spread / Average Target 5,60%
EPS Revisions
Managers and Directors
Nicholas Barrie Hawkins Chief Executive Officer, Director & MD
Michelle McPherson Chief Financial Officer
Thomas William Pockett Chairman
Neil Morgan Chief Operating Officer
Jonathan B. Nicholson Independent Non-Executive Director
Sector and Competitors