What we do

IAG is the parent company of a general insurance group with controlled operations in Australia and New Zealand.

It is listed on the Australian Securities Exchange (ASX) with ordinary shares trading under the ticker “IAG.” References in the remainder of this profile to IAG and to “the Group” are to IAG and its subsidiaries on a consolidated basis. Financial data for the half year ended 31 december 2023 and a more comprehensive review of IAG and its operations is contained in the 1H24 4D and Financial Statements dated 16 February 2024, available in the Results & Reports section of this website.

IAG's businesses underwrite over $14 billion of premium per annum, selling insurance under many leading brands including NRMA Insurance, CGU, Swann Insurance, WFI and ROLLiN (Australia); and NZI, State and AMI in (New Zealand).

Standard & Poor’s has assigned a ‘Very Strong’ Insurer Financial Strength Rating of ‘AA-’ to the Group’s core operating subsidiaries. 

Brief history

From its beginnings as a motor vehicle insurer in New South Wales (NSW), Australia, IAG has grown to become a general insurance group diversified by product, distribution channel and geography.

The Group’s heritage dates back to 1920 when the National Roads and Motorists’ Association (NRMA) was established and subsequently offered motor insurance to its members. Following demutualisation in 2000, the insurance arm of NRMA was listed on the ASX as NRMA Insurance Group Limited, and renamed Insurance Australia Group Limited in 2002.

The Group grew organically and through acquisitions primarily in its home market of Australia, and in New Zealand.