Insurance Australia Group Future Growth

Future criteria checks 1/6

Insurance Australia Group's revenue is forecast to decline at 4.2% per annum while its annual earnings are expected to grow at 7.4% per year. EPS is expected to grow by 7.4% per annum. Return on equity is forecast to be 15.6% in 3 years.

Key information

7.4%

Earnings growth rate

7.4%

EPS growth rate

Insurance earnings growth	7.9%
Revenue growth rate	-4.2%
Future return on equity	15.6%
Analyst coverage	Good
Last updated	04 Dec 2024

Recent future growth updates

Insurance Australia Group Limited Just Missed Earnings - But Analysts Have Updated Their Models

Aug 23

Recent updates

Insurance Australia Group Limited's (ASX:IAG) Shareholders Might Be Looking For Exit

Nov 11

Insurance Australia Group Limited Just Missed Earnings - But Analysts Have Updated Their Models

Aug 23

Insurance Australia Group Limited's (ASX:IAG) Business Is Trailing The Market But Its Shares Aren't

Aug 03

Do Insurance Australia Group's (ASX:IAG) Earnings Warrant Your Attention?

Jul 12

Some Confidence Is Lacking In Insurance Australia Group Limited's (ASX:IAG) P/E

Apr 10

Insurance Australia Group (ASX:IAG) Ticks All The Boxes When It Comes To Earnings Growth

Mar 14

Insurance Australia Group's (ASX:IAG) Upcoming Dividend Will Be Larger Than Last Year's

Feb 20

There's No Escaping Insurance Australia Group Limited's (ASX:IAG) Muted Earnings

Dec 23

Earnings and Revenue Growth Forecasts

ASX:IAG - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	11,687	1,152	1,937	1,860	7
6/30/2026	11,052	1,089	1,797	1,512	7
6/30/2025	10,187	1,038	1,733	1,290	7
6/30/2024	15,994	898	1,800	1,800	N/A
3/31/2024	15,557	821	1,384	1,384	N/A
12/31/2023	9,698	750	968	968	N/A
9/30/2023	9,258	791	710	710	N/A
6/30/2023	14,239	825	452	452	N/A
3/31/2023	12,389	745	614	614	N/A
12/31/2022	10,538	664	776	776	N/A
9/30/2022	9,056	506	838	838	N/A
6/30/2022	7,574	347	899	899	N/A
3/31/2022	7,765	281	1,061	1,061	N/A
12/31/2021	7,956	214	1,222	1,222	N/A
9/30/2021	7,917	-100	1,416	1,416	N/A
6/30/2021	7,878	-414	1,610	1,610	N/A
3/31/2021	7,633	-359	1,304	1,304	N/A
12/31/2020	7,388	-304	998	998	N/A
9/30/2020	7,304	68	690	690	N/A
6/30/2020	7,219	439	381	381	N/A
12/31/2019	7,856	865	407	407	N/A
9/30/2019	7,831	868	498	498	N/A
6/30/2019	7,806	871	589	589	N/A
12/31/2018	7,366	681	289	289	N/A
9/30/2018	7,722	814	118	118	N/A
6/30/2018	8,078	947	-53	-53	N/A
12/31/2017	8,730	1,051	N/A	190	N/A
9/30/2017	8,711	995	N/A	413	N/A
6/30/2017	8,692	938	N/A	636	N/A
3/31/2017	8,567	767	N/A	121	N/A
12/31/2016	8,166	605	N/A	-395	N/A
9/30/2016	8,135	615	N/A	-1,170	N/A
6/30/2016	8,104	625	N/A	-1,946	N/A
3/31/2016	8,916	620	N/A	-1,310	N/A
12/31/2015	9,727	615	N/A	-674	N/A
9/30/2015	10,425	672	N/A	12	N/A
6/30/2015	11,122	728	N/A	698	N/A
3/31/2015	10,840	949	N/A	795	N/A
12/31/2014	10,557	1,170	N/A	892	N/A
9/30/2014	10,020	1,202	N/A	985	N/A
6/30/2014	9,483	1,233	N/A	1,077	N/A
12/31/2013	9,105	1,062	N/A	1,323	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: IAG's forecast earnings growth (7.4% per year) is above the savings rate (2.6%).

Earnings vs Market: IAG's earnings (7.4% per year) are forecast to grow slower than the Australian market (12.6% per year).

High Growth Earnings: IAG's earnings are forecast to grow, but not significantly.

Revenue vs Market: IAG's revenue is expected to decline over the next 3 years (-4.2% per year).

High Growth Revenue: IAG's revenue is forecast to decline over the next 3 years (-4.2% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: IAG's Return on Equity is forecast to be low in 3 years time (15.6%).

Discover growth companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/21 21:40
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Insurance Australia Group Limited is covered by 27 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Brett Le Mesurier	Axiome Equities
Benjamin Brayshaw	Barrenjoey Markets Pty Limited
Andrew Adams	Barrenjoey Markets Pty Limited

Insurance Australia Group Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Price target increased by 7.2% to AU$8.27

Insurance Australia Group Limited Just Missed Earnings - But Analysts Have Updated Their Models

Price target increased by 8.3% to AU$6.91

Insurance Australia Group Limited Updates Earnings Guidance for the Fiscal Year 2024

Consensus EPS estimates fall by 16%

Insurance Australia Group Limited Provides Earnings Guidance for Fiscal Year 2023

Recent updates

Price target increased by 7.2% to AU$8.27

Insurance Australia Group Limited, Annual General Meeting, Oct 23, 2025

Insufficient new directors

Insurance Australia Group Limited Announces Resignation of Jane Bowd as Group Company Secretary and Corporate Counsel

Insurance Australia Group Limited's (ASX:IAG) Shareholders Might Be Looking For Exit

Jon Nicholson to Retire from the Board of Directors of IAG, Effective 9 October 2024

MD, CEO & Executive Director exercised options to buy AU$615k worth of stock.

Insurance Australia Group Limited Just Missed Earnings - But Analysts Have Updated Their Models

Insurance Australia Group Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2024, Payable on September 26, 2024

Full year 2024 earnings: Revenues in line with analyst expectations

Insurance Australia Group Limited (ASX:IAG) announces an Equity Buyback for AUD 350 million worth of its shares.

Insurance Australia Group Limited's (ASX:IAG) Business Is Trailing The Market But Its Shares Aren't

Do Insurance Australia Group's (ASX:IAG) Earnings Warrant Your Attention?

Price target increased by 8.3% to AU$6.91

Insurance Australia Group Limited Updates Earnings Guidance for the Fiscal Year 2024

Some Confidence Is Lacking In Insurance Australia Group Limited's (ASX:IAG) P/E

IAG Appoints Robert Cutler as Group General Counsel

Insurance Australia Group (ASX:IAG) Ticks All The Boxes When It Comes To Earnings Growth

Insurance Australia Group's (ASX:IAG) Upcoming Dividend Will Be Larger Than Last Year's

First half dividend of AU$0.10 announced

First half 2024 earnings: EPS misses analyst expectations

Insurance Australia Group Limited (ASX:IAG) announces an Equity Buyback for AUD 200 million worth of its shares.

There's No Escaping Insurance Australia Group Limited's (ASX:IAG) Muted Earnings

Insurance Australia Group Limited Announces the Appointment of Andrew Collings as an Additional Company Secretary

Insurance Australia Group Limited Announces the Appointment of Andrew Collings as an Additional Company Secretary

Insurance Australia Group Limited, Annual General Meeting, Oct 24, 2024

Insurance Australia Group Limited to Report Fiscal Year 2024 Results on Aug 21, 2024

IAG Appoints William McDonnell as Chief Financial Officer, Effective 11 December 2023

MD, CEO & Executive Director exercised options to buy AU$537k worth of stock.

Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Insurance Australia Group Limited Announces Ordinary Dividend for the Six Months Ended June 30, 2023, Payable on September 28, 2023

High number of new directors

Now 20% undervalued

Insurance Australia Group Limited Announces Resignation of Tim Plant as Chief Insurance & Strategy Officer

Now 21% undervalued

First half 2023 earnings: EPS misses analyst expectations

Insurance Australia Group Limited Announces Ordinary Dividend for the Six Months Ended 31 December 2022, Payable on 23 March 2023

Consensus EPS estimates fall by 16%

Insurance Australia Group Limited Provides Earnings Guidance for Fiscal Year 2023

Insurance Australia Group Limited, Annual General Meeting, Oct 11, 2023

Insurance Australia Group Limited Estimates Ordinary Dividend on IAGPD - CAP NOTE 3-BBSW+4.70% PERP NON-CUM RED T-06-23 Securities for Period of Quarter Ending December 21, 2022

High number of new directors

Consensus forecasts updated

Insurance Australia Group Limited (ASX:IAG) announces an Equity Buyback for $350 million worth of its shares.

Insurance Australia Group Limited Declares Ordinary Dividend on IAGPD - CAP NOTE 3-BBSW+4.70% PERP NON-CUM RED T-06-23 Securities for the Quarter Ending December 14, 2022, Payable on December 15, 2022

AUB Group Limited (ASX:AUB) acquired Strata Unit Underwriting Agency Pty Ltd from Insurance Australia Group Limited (ASX:IAG).

Independent Non Executive Director recently bought AU$136k worth of stock

Sheila Mcgregor to Leave Board of Insurance Australia Group Limited At AGM on 21 October 2022

Independent Non-Executive Director exercised options to buy AU$88k worth of stock.

Full year 2022 earnings: EPS misses analyst expectations

Liberty Insurance Berhad completed the acquisition of AmGeneral Insurance Berhad from AmBank Group and Insurance Australia Group Limited.

Insurance Australia Group Limited Provides Earnings Guidance for the Year Ended June 30, 2022

Consensus forecasts updated

High number of new directors

Insurance Australia Group Limited Appoints Adam Balarin as New Executive General Manager for Insurance Supply Chain

Insurance Australia Group Limited Provides Update on Second BI Test Case Appeal Judgment

Independent Non-Executive Director recently bought AU$60k worth of stock

First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Insurance Australia Group Limited Declares Unfranked Ordinary Dividend for the Period of Six Months Ended December 31, 2021, Payable on March 24, 2022

Independent Non-Executive Chairman recently bought AU$120k worth of stock

High number of new directors

High number of new directors

Independent Non-Executive Director recently bought AU$208k worth of stock

MD, CEO & Executive Director exercised options to buy AU$165k worth of stock.

Full year 2021 earnings released

Insurance Australia Group Limited Provides Earnings Guidance for the Fiscal Year 2022

Liberty Insurance Berhad agreed to acquire AmGeneral Insurance Berhad from AmBank Group and Insurance Australia Group Limited (ASX:IAG for MYR 2.3 billion.

Company Secretary Sejil Mistry-Moodley has left the company

Race for CBA Insurance Unit Reportedly Nears Finish Line