- Insurance Australia‘s net income reached A$1.36 billion, marking a 51% increase compared to the previous year.
- The net income surpassed analyst estimates, which were A$1.31 billion.
- The final dividend per share increased to A$0.19 from A$0.17 in the previous year.
- Gross written premiums rose to A$17.11 billion, up by 4.3% year-over-year.
- Net earned premium saw an 8% increase, amounting to A$9.98 billion.
- Insurance profit experienced a 21% growth, reaching A$1.74 billion.
- The reported insurance margin improved to 17.5%, compared to 15.6% the previous year.
- The underlying insurance margin was reported at 15.5%.
- Total revenue for the year amounted to A$18.51 billion, reflecting a 7.4% increase from the previous year.
- Market reactions include 5 buy ratings, 5 hold ratings, and 1 sell recommendation.
A look at Insurance Australia Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Insurance Australia Group Limited (IAG) is an Australian-based international general insurance group that operates in Australia, New Zealand, and Asia. The company offers a variety of personal and commercial insurance products, focusing mainly on motor vehicle and home insurance. According to the Smartkarma Smart Scores, Insurance Australia has been rated as having a positive long-term outlook, with high scores in Growth and Resilience. A score of 5 in Growth suggests potential for strong expansion opportunities, while a score of 3 in Resilience indicates the company’s ability to weather economic challenges.
The Smartkarma Smart Scores also show that Insurance Australia‘s Value, Dividend, and Momentum scores are all at a moderate level, indicating stability and average performance in these areas. Overall, the company seems to be well-positioned for long-term success, with a solid foundation for growth and a resilient business model. Investors may find Insurance Australia Group Limited an attractive option for a balanced investment portfolio based on these indicators.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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