Insurance Australia Group
Insurance Australia Group Limited (IAG) is an Australia-based company engaged in the provision of general insurance services including and wide variety of both commercial and personal products. IAG was listed on the Australian Stock Exchange on the 8th of August. Its average annual revenue reaches approximately $7 billion out of its issued capital of $2 billion. Its headquarters is located in Sydney, New South Wales and to date; around 13,000 people are employed in the company.
Insurance firm IAG (ASX:IAG) has released its first half results to shareholders, investors and traders.
- Insurance Australia Group IAG half year Net Profit $416 million, up from $144 million in the previous corresponding period.
- Chief executive Mike Wilkins said, "This is a strong half year result and, based on the momentum in the business, we're confident about our outlook."
- Cash profit $684 million, up from $155 million
Australian based insurer, IAG Limited (ASX:IAG) has released their full year financial results to the ASX stockmarket.
- Net profit falls to $207 million, down $17.2 million
- UK operations write-down in value. $297 million writedown of asset value and goodwill of British business.
- IAG cash profit (without the write-down) is $583 million, up 17.5 percent.
The June Christchurch earthquake and its resulting new claims failed to shake Insurance Australia Group's (ASX:IAG) financial guidance for 2011. IAG confirmed its guidance despite claims worth $65 million.
Costs due to natural disasters jumped to about $600 million for the year to end of June, nearly a 50 percent rise from the $435 million it forecast at the beginning of the financial year.
Although Insurance Australia Group (ASX:IAG) said today that it's too early to evaluate the impact of the Christchurch tremors, it has reaffirmed its underlying gross premium growth guidance of three to five percent.
The company also plans to speed up future growth and intents to get 10 percent of its gross written premium from Asia by 2016. Expansion would cover Malaysia, Thailand, India, China, Vietnam and Indonesia.
Study the historical dividends for INSURANCE AUSTRALIA GROUP LIMITED. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive IAG dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the IAG dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.
IAG (ASX:IAG), owner of NRMA and RACV, has issued a statement that it expects to report a drop in annual profit for the 2010 fiscal year. A day after competitor, QBE Insurance announced profit forecasts downgrades, Insurance Australia Group have released poor financial figures on what most analysts were already expecting.
IAG Financial Forecasts and Numbers
Michael Hawker, Chief Executive officer of Insurance Australia Group (IAG), resigned today in wake of losing investors’ confidence. The company had rejected an A$8.7 billion takeover bid earlier this month by QBE Insurance Group. His resignation was effective immediately and was replaced by the Chief Operating Officer, Michael Wilkins, said the company statement. IAG chairman, James Strong, fully supported the appointment of Wilkins as immediate replacement to Hawker.
Here is an update on Insurance Australia Group (IAG) from sharemarket analyst Macquarie Research Equities.
Insurance Australia Group (IAG) Revised proposal deemed 'inadequate'
Event: Cannot recommend QBE's latest proposal to shareholders:
IAG's Board today announced that it cannot recommend QBE's latest scheme proposal ($0.90 cash + 0.145 QBE shares) to its shareholders. The Board considers the revised proposal to be (1) priced opportunistically (2) not reflective of IAG's underlying value and potential deal synergies (3) not fully developed.
Insurance Australia Group Limited (IAG) has signed an agreement with State Bank of India (SBI) from sharemarket analyst Macquarie Research Equities.
Insurance Australia Group (IAG) a step closer to India
Event: Signs agreement with State Bank of India:
![RSS - Insurance Australia Group Syndicate content](http://www.mysharetrading.com/misc/feed.png)
- How to Trade Forex and Gold Options
- How to Trade the Gold Price and Profit!
- Forex Trading the EUR/USD Pair € EURO and $ US Dollar
- How to Trade Stock Market Indices S&P500
- How to Trade Crude Oil
- Forex Trading Psychology
- What Are Broker Recommendations?
- Free Tickets to Trading & Investing Seminar & Expo ($18) Brisbane 2013
- Stock Calc App
- All About Warrants
- Introduction to Exchange Traded Funds
- Introduction to Exchange Traded Funds: Features
- Introduction to Exchange Traded Funds: Domestic ETFs
- Introduction to Exchange Traded Funds: International ETFs
- Exchange Traded Commodities
- Australian Stock Scan
- Australian Online Share Trading
- List of Trading Books
- Interesting Thoughts about the Australian Dollar
- What's the Meaning of Hawkish?
- Do You Know How To Use the P/E Ratio
- Trading, Religion and Politics - Do They Have Anything in Common?
- Shares that are Volatile that Double and Half in the Short Term
- Telstra (TLS) T3
- Margin Call by E-mail
- The Cost of Holding a Position
- Lack of Disclosure: Compensation from ASX Listed Company
- Unrealistic Returns and Benchmarks
- CMC Markets Down
- Quality versus Quantity Forex Trading
- Woolworths 1H Sales $30.7bn up 3.2%
Date added 31-01-2013 - ASIC Fines CommBank's CommSec
Date added 25-09-2012 - Industry Super Network Calls to Ban High Frequency Trading (HFT)
Date added 22-09-2012 - NAB Launches Online Share Trading Platform
Date added 19-09-2012 - Reserve Bank of Australia Says 23 Countries Holding AUD
Date added 18-09-2012 - Australia Post Digital Mailbox
Date added 10-09-2012 - Winners and Losers of Trading for Week 2
Date added 16-01-2012 - 2012's First Week of the Best and Worst Traded Stocks
Date added 09-01-2012 - 2011's Last Best and Worst Traded Stocks
Date added 05-01-2012 - Best and Worst Pre-Christmas Traded Stocks
Date added 30-12-2011 - Trading Winners and Losers for Dec. 12-16
Date added 19-12-2011 - Best and Worst Traded Stocks for Dec. 5-9
Date added 13-12-2011 - Top 3 Best and Worst Traded Stocks
Date added 05-12-2011 - ASX Glitch Trading Halt
Date added 27-10-2011 - Worst Trade Stocks (and the Best)
Date added 06-08-2011
Top 150 Public Companies Listed on the Australian Stockmarket as at 29/05/2009
- BHP Billiton
- Westpac Banking Corporation (WBC)
- Commonwealth Bank of Australia (CBA)
- National Australia Bank (NAB)
- Telstra (TLS)
- ANZ
- News Corporation (NWS)
- Woolworths Limited(WOW)
- Woodside Petroleum Limited (WPL)
- Rio Tinto
- Westfield Group (WDC)
- Westfarmers Limited (WES)
- QBE Insurance
- CSL
- Newcrest Mining Limited (NCM)
- Origin Energy Limited (ORG)
- Santos Limited (STO)
- AMP Limited (AMP)
- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)