IAG.AX - Insurance Australia Group Limited

ASX - ASX Delayed price. Currency in AUD
6.44
-0.15 (-2.28%)
As of 3:04PM AEDT. Market open.
Stock chart is not supported by your current browser
Previous close6.59
Open6.47
Bid6.44 x 0
Ask6.45 x 0
Day's range6.42 - 6.54
52-week range6.42 - 8.74
Volume6,184,473
Avg. volume4,998,999
Market cap14.883B
Beta (5Y monthly)0.78
PE ratio (TTM)17.79
EPS (TTM)0.36
Earnings date12 Feb 2020
Forward dividend & yield0.30 (4.50%)
Ex-dividend date18 Feb 2020
1y target est7.58
  • Why the IAG share price could slump lower today
    Motley Fool

    Why the IAG share price could slump lower today

    The Insurance Australia Group (ASX: IAG) share price is on watch after slashing its dividend and FY 2020 insurance margin guidance.The post Why the IAG share price could slump lower today appeared first on Motley Fool Australia.

  • Why Suncorp and these ASX shares have just sunk to 52-week lows
    Motley Fool

    Why Suncorp and these ASX shares have just sunk to 52-week lows

    Suncorp Group Ltd (ASX:SUN) and these ASX shares have just sunk to 52-week lows. Here's why they have been sold off...The post Why Suncorp and these ASX shares have just sunk to 52-week lows appeared first on Motley Fool Australia.

  • Is Macquarie the best blue chip to buy at this share price?
    Motley Fool

    Is Macquarie the best blue chip to buy at this share price?

    Is global investment bank Macquarie Group Ltd (ASX:MQG) the best ASX blue chip to buy at today's share price?The post Is Macquarie the best blue chip to buy at this share price? appeared first on Motley Fool Australia.

  • Is the IAG share price good value right now?
    Motley Fool

    Is the IAG share price good value right now?

    The Insurance Australia Group Ltd (ASX: IAG) share price is at a new 52-week low - but could it really be a bargain buy right now? The post Is the IAG share price good value right now? appeared first on Motley Fool Australia.

  • Why Nearmap and these ASX shares just sank to 52-week lows
    Motley Fool

    Why Nearmap and these ASX shares just sank to 52-week lows

    Here's why Nearmap Ltd (ASX:NEA) and these ASX shares have tumbled to 52-week lows or worse this week...The post Why Nearmap and these ASX shares just sank to 52-week lows appeared first on Motley Fool Australia.

  • How Good Is Insurance Australia Group Limited (ASX:IAG), When It Comes To ROE?
    Simply Wall St.

    How Good Is Insurance Australia Group Limited (ASX:IAG), When It Comes To ROE?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • 4 of the biggest news pieces from the ASX200 this week
    Motley Fool

    4 of the biggest news pieces from the ASX200 this week

    These were 4 of the biggest news items from the ASX 200 (ASX:XJO) this week. Read how this affected these individual companies.The post 4 of the biggest news pieces from the ASX200 this week appeared first on Motley Fool Australia.

  • ALL ORDINARIES finishes higher Friday: 8 ASX shares you missed
    Motley Fool

    ALL ORDINARIES finishes higher Friday: 8 ASX shares you missed

    The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) ended up on Friday, here are 8 ASX shares you missed.The post ALL ORDINARIES finishes higher Friday: 8 ASX shares you missed appeared first on Motley Fool Australia.

  • Why IAG, Phoslock, Resolute, & Technology One shares are tumbling lower
    Motley Fool

    Why IAG, Phoslock, Resolute, & Technology One shares are tumbling lower

    The Insurance Australia Group Ltd (ASX:IAG) share price and the Resolute Mining Limited (ASX:RSG) share price are two of four ending the week in the red...The post Why IAG, Phoslock, Resolute, & Technology One shares are tumbling lower appeared first on Motley Fool Australia.

  • IAG share price tumbles 5% lower on guidance downgrade
    Motley Fool

    IAG share price tumbles 5% lower on guidance downgrade

    The Insurance Australia Group Ltd (ASX:IAG) share price is tumbling lower on Friday after the insurance giant downgraded its guidance...The post IAG share price tumbles 5% lower on guidance downgrade appeared first on Motley Fool Australia.

  • Leading brokers name 3 ASX shares to sell today
    Motley Fool

    Leading brokers name 3 ASX shares to sell today

    Commonwealth Bank of Australia (ASX:CBA) shares are one of three that leading brokers have named as sells this week...The post Leading brokers name 3 ASX shares to sell today appeared first on Motley Fool Australia.

  • Which ASX insurance shares could be affected by the bushfires?
    Motley Fool

    Which ASX insurance shares could be affected by the bushfires?

    These ASX insurance shares have received thousands of claims for the Australian bushfires. Here's a closer look at the numbers and what impact bushfires are having on share prices in the industry.The post Which ASX insurance shares could be affected by the bushfires? appeared first on Motley Fool Australia.

  • 3 ASX 200 shares I’m watching this week
    Motley Fool

    3 ASX 200 shares I’m watching this week

    After Aussie equities smashed all kinds of records in recent days, check out my top 3 ASX 200 shares to watch on the markets this week.The post 3 ASX 200 shares I'm watching this week appeared first on Motley Fool Australia.

  • Deadly Australia Fires Spur Calls to Mitigate Disaster Risk
    Bloomberg

    Deadly Australia Fires Spur Calls to Mitigate Disaster Risk

    (Bloomberg) -- As the devastation from Australia’s bushfires widens, the insurance industry is calling for concerted action to mitigate the impact of climate change.Months of out-of-control fires have burnt an area more than five times the size of Wales and industry-wide claims of A$700 million ($480 million) are expected to mount.They follow large costs from other recent extreme weather events, including a hailstorm in Sydney in 2018 that led to more than A$1.3 billion in insurance losses and floods in the northern town of Townsville that cost A$1.2 billion.With scientists predicting climate change will increase the severity and frequency of such disasters, there are concerns insurance premiums may skyrocket beyond the reach of those needing the protection most. The issue is particularly acute in Australia, a land of climatic extremes from the tropical north, to the central desert to the temperate coasts.“If we seriously think we are crossing a new normal, of course insurance premiums are going to have to go up,” said Karl Mallon, chief executive officer of climate-adaptation consultancy Climate Risk. His previous modeling has suggested that without action, insurance could be out of reach for up to 1 in 20 Australian homes by the end of the century. “The battleground is going to be on affordable insurance going forward.”Key to that debate is what should be done to make communities and infrastructure such as roads and power grids more resilient to events such as heatwaves, floods and fires. Another critical question is where people should live.“Globally, as our cities get bigger, we’re moving into more hazardous areas. Disaster mitigation is absolutely key,” said Andrew Gissing, general manager of resilience at Risk Frontiers, a provider of catastrophe-modeling solutions. “We spend too much on disaster relief and recovery and not enough on mitigation.”As it faces escalating claims, Australia’s insurance industry is becoming increasingly vocal in its demands for long-term action.“No property should be un-insurable,” Campbell Fuller, spokesman for the Insurance Council of Australia, told Bloomberg TV on Wednesday. “But that requires governments to act now to help reduce the risks to properties for what is already here, let alone what is coming with climate change.”The industry wants to see the government invest in a whole range of permanent measures including better bushfire research, flood prevention and cyclone resilience, he said.No Quick Fix“There is no quick fix this year,” Fuller said. “We have urban areas encroaching on traditional bushfire zones. We have many communities where the building codes pre-date modern understanding of bushfires and each of those issues will need to be addressed in a broad sense by all levels of government, with industry input and with academic input.”Claims for this year are expected to rise “dramatically,” Fuller said, noting that access is still impossible for many areas and commercial claims will take weeks to flow through.Even if bushfire losses almost double, they would still fall short of the costs of other extreme weather events such as the Sydney hailstorm in 2018. While the fires tend to affect rural areas hardest, events like cyclones and floods have hit at the heart of the nation’s more heavily populated and wealthy coastal cities.For the companies themselves, for this year at least reinsurance will help firms like Insurance Australia Group Ltd. and Suncorp Group Ltd. deal with the blow.“The 2019-20 season is likely to be the most destructive and costly in decades, with the economic impact on the country far outweighing insured losses,” Bloomberg Intelligence analyst Steven Lam said. However “net claims for IAG and Suncorp should be limited by reinsurance recoveries.”Sydney-based IAG said last week that it expects net bushfire claims of A$160 million and fiscal first-half net natural-peril claim costs of about A$400 million, A$80 million above its semi-annual allowance. The company’s shares have slipped 0.8% this year.Brisbane-based Suncorp group has received more than 1,500 claims since the fires began in November, but acknowledges the full impact won’t be known for several weeks. “We continue to see communities hit by floods, bushfires and cyclones,” CEO Steve Johnston said. “Increasing Australia’s disaster resilience requires a focus on preparation and mitigation activities, including land-use planning, improving building infrastructure in high-risk areas and vegetation management.”(Updates shares in penultimate paragraph.)To contact the reporter on this story: Emily Cadman in Sydney at ecadman2@bloomberg.netTo contact the editors responsible for this story: Katrina Nicholas at knicholas2@bloomberg.net, Edward JohnsonFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • The economic impact of Australia’s bushfire crisis
    Motley Fool

    The economic impact of Australia’s bushfire crisis

    Australia’s bushfire crisis is weighing on consumer confidence and the jobs market as the emergency takes its toll on economic activity. The post The economic impact of Australia's bushfire crisis appeared first on Motley Fool Australia.

  • ASX 200 lunch update: IAG, Northern Star, & Westpac higher
    Motley Fool

    ASX 200 lunch update: IAG, Northern Star, & Westpac higher

    Insurance Australia Group Ltd (ASX:IAG), Northern Star Resources Ltd (ASX:NST), and Westpac Banking Corp (ASX:WBC) are making waves on the ASX 200 on Friday...The post ASX 200 lunch update: IAG, Northern Star, & Westpac higher appeared first on Motley Fool Australia.

  • How will ASX shares be impacted by bushfires and drought?
    Motley Fool

    How will ASX shares be impacted by bushfires and drought?

    Here are a few examples of how bushfires and drought can impact the bottom line of stocks listed on the ASX.The post How will ASX shares be impacted by bushfires and drought? appeared first on Motley Fool Australia.

  • Costa Group share price rises after Vitalharvest bushfire update
    Motley Fool

    Costa Group share price rises after Vitalharvest bushfire update

    The Costa Group Holdings Ltd (ASX:CGC) share price is pushing higher on Friday after a bushfire update from its landlord Vitalharvest Freehold Trust (ASX:VTH)...The post Costa Group share price rises after Vitalharvest bushfire update appeared first on Motley Fool Australia.

  • Insurance Australia Group share price higher after bushfire update
    Motley Fool

    Insurance Australia Group share price higher after bushfire update

    The Insurance Australia Group Ltd (ASX:IAG) share price is pushing higher after an update on its claim costs following the bushfires...The post Insurance Australia Group share price higher after bushfire update appeared first on Motley Fool Australia.