Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand. Its short-tail insurance products include motor vehicle; home and contents; lifestyle and leisure, including boat, veteran and classic car, and caravan; business packages; farm; commercial motor; commercial property; fleet motor; construction and engineering; rural; marine; and niche insurance, such as pleasure craft, boat, and caravan. The company also offers long-tail insurance products, including professional indemnity; compulsory third party, including motor injury liability; workers’ compensation; directors’ and officers’ liability; public and products liability; and commercial liability insurance. It sells its products through branches and agencies, call centers, online, insurance brokers, authorized representatives, motor dealerships, and financial institutions under the NRMA Insurance, CGU, ROLLiN, WFI, Swann Insurance, NZI, State, AMI, and Lumley Insurance brands. The company was formerly known as NRMA Group Limited and changed its name to Insurance Australia Group Limited in 2002. Insurance Australia Group Limited was founded in 1920 and is headquartered in Sydney, Australia.
Metrics to compare | IAG | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipIAGPeersSector | |
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P/E Ratio | 15.8x | 13.1x | 9.6x | |
PEG Ratio | 0.22 | 0.81 | 0.03 | |
Price/Book | 2.9x | 2.0x | 1.0x | |
Price / LTM Sales | 1.2x | 1.2x | 2.8x | |
Upside (Analyst Target) | 4.7% | 5.2% | 11.3% | |
Fair Value Upside | Unlock | 9.5% | 0.9% | Unlock |