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Insurance Australia Group Limited

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Market:
ASX
Market Cap:
$18.03 billion
Price
7.80 AUD
Change
-0.76%
52 weeks high
8.74
52 weeks low
6.53

In brief

Insurance Australia Group Limited (IAG) is engaged in underwriting of general insurance and related corporate services, and investing activities. The Company operates in six segments. Australia insurance includes the Australia insurance business, and distributes a range of direct and intermediated insurance products, under several brands, NRMA Insurance, CGU, SGIO and SGIC. New Zealand insurance includes the general insurance business underwritten through subsidiaries in New Zealand. United Kingdom insurance includes the general insurance underwriting and broker distribution services operating through subsidiaries in the United Kingdom. Asia insurance includes the direct insurance business underwritten through subsidiaries in Asia. Reinsurance operations include the inwards reinsurance operation and the captive reinsurer for subsidiaries operating outside Australia, and corporate and investments. As of December 1, 2008, AIG had 49% interest in its joint venture with AMASSURANCE.