Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Insurance Australia Group Limited ( (AU:IAG) ) just unveiled an announcement.
Insurance Australia Group Limited (IAG) has been significantly impacted by recent natural peril events in Australia, receiving over 10,000 claims related to motor and property hail damage. The company has activated its Major Event Command Centre and deployed teams to assist affected customers, including providing temporary accommodation for vulnerable individuals. IAG’s robust reinsurance protections are mitigating the financial impact of these events, with specific measures in place for its recent acquisition, RACQI. The company maintains its FY26 guidance as previously outlined.
The most recent analyst rating on (AU:IAG) stock is a Buy with a A$9.65 price target. To see the full list of analyst forecasts on Insurance Australia Group Limited stock, see the AU:IAG Stock Forecast page.
More about Insurance Australia Group Limited
Insurance Australia Group Limited (IAG) is a leading general insurance company operating in Australia and New Zealand. It underwrites over $17 billion in insurance premiums annually through various prominent brands, including NRMA Insurance, RACV, RACQI, CGU, and WFI in Australia, as well as NZI, State, AMI, and Lumley in New Zealand.
YTD Price Performance: -3.58%
Average Trading Volume: 5,170,871
Technical Sentiment Signal: Buy
Current Market Cap: A$18.59B
For an in-depth examination of IAG stock, go to TipRanks’ Overview page.