Insurance Australia Group Management
Management criteria checks 4/4
Insurance Australia Group's CEO is Nick Hawkins, appointed in Nov 2020, has a tenure of 3.42 years. total yearly compensation is A$2.93M, comprised of 60.4% salary and 39.6% bonuses, including company stock and options. directly owns 0.021% of the company’s shares, worth A$3.27M. The average tenure of the management team and the board of directors is 2.6 years and 4.4 years respectively.
Key information
Nick Hawkins
Chief executive officer
AU$2.9m
Total compensation
| CEO salary percentage | 60.4% |
| CEO tenure | 3.4yrs |
| CEO ownership | 0.02% |
| Management average tenure | 2.6yrs |
| Board average tenure | 4.4yrs |
Recent management updates
Recent updates
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 14Insurance Australia Group's (ASX:IAG) Upcoming Dividend Will Be Larger Than Last Year's
Feb 20There's No Escaping Insurance Australia Group Limited's (ASX:IAG) Muted Earnings
Dec 23Is Now The Time To Put Insurance Australia Group (ASX:IAG) On Your Watchlist?
Nov 26We Think Shareholders May Consider Being More Generous With Insurance Australia Group Limited's (ASX:IAG) CEO Compensation Package
Oct 04We Ran A Stock Scan For Earnings Growth And Insurance Australia Group (ASX:IAG) Passed With Ease
Aug 23Insurance Australia Group's (ASX:IAG) Dividend Will Be A$0.06
Feb 15New Forecasts: Here's What Analysts Think The Future Holds For Insurance Australia Group Limited (ASX:IAG)
Jul 10Analysts Just Made An Incredible Upgrade To Their Insurance Australia Group Limited (ASX:IAG) Forecasts
Feb 15
Earnings Update: Insurance Australia Group Limited (ASX:IAG) Just Reported And Analysts Are Boosting Their Estimates
Feb 12Does Insurance Australia Group Limited's (ASX:IAG) Weak Fundamentals Mean That The Stock Could Move In The Opposite Direction?
Feb 02Some Shareholders Feeling Restless Over Insurance Australia Group Limited's (ASX:IAG) P/E Ratio
Jul 13CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | n/a | n/a | AU$750m |
| Sep 30 2023 | n/a | n/a | AU$791m |
| Jun 30 2023 | AU$3m | AU$2m | AU$832m |
| Mar 31 2023 | n/a | n/a | AU$759m |
| Dec 31 2022 | n/a | n/a | AU$664m |
| Sep 30 2022 | n/a | n/a | AU$506m |
| Jun 30 2022 | AU$3m | AU$2m | AU$347m |
| Mar 31 2022 | n/a | n/a | AU$281m |
| Dec 31 2021 | n/a | n/a | AU$214m |
| Sep 30 2021 | n/a | n/a | -AU$100m |
| Jun 30 2021 | AU$3m | AU$1m | -AU$414m |
| Mar 31 2021 | n/a | n/a | -AU$359m |
| Dec 31 2020 | n/a | n/a | -AU$304m |
| Sep 30 2020 | n/a | n/a | AU$68m |
| Jun 30 2020 | AU$2m | AU$1m | AU$439m |
| Dec 31 2019 | n/a | n/a | AU$865m |
| Sep 30 2019 | n/a | n/a | AU$868m |
| Jun 30 2019 | AU$3m | AU$1m | AU$871m |
| Dec 31 2018 | n/a | n/a | AU$681m |
| Sep 30 2018 | n/a | n/a | AU$814m |
| Jun 30 2018 | AU$3m | AU$1m | AU$947m |
| Dec 31 2017 | n/a | n/a | AU$1b |
| Sep 30 2017 | n/a | n/a | AU$995m |
| Jun 30 2017 | AU$3m | AU$1m | AU$938m |
Compensation vs Market: Nick's total compensation ($USD1.89M) is below average for companies of similar size in the Australian market ($USD4.04M).
Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.
CEO
Nick Hawkins (55 yo)
3.4yrs
Tenure
AU$2,934,000
Compensation
Mr. Nicholas B. Hawkins, also known as Nick, BCom, CA, FCA, is Executive Director at IAG New Zealand Limited since November 18, 2020. He serves as Chief Executive Officer and Executive Director at Insuranc...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Executive Director | 3.4yrs | AU$2.93m | 0.021% A$ 3.3m | |
| Chief Operating Officer | no data | AU$1.31m | 0.0082% A$ 1.2m | |
| Group Executive of People | 4.8yrs | AU$1.23m | 0.0033% A$ 508.2k | |
| CEO of NRMA Insurance | no data | AU$1.30m | 0.016% A$ 2.4m | |
| CEO of CGU & WFI | 2.6yrs | AU$1.64m | 0.0030% A$ 450.4k | |
| Group Chief Risk Officer | 1.9yrs | AU$1.53m | no data | |
| Chief Executive of New Zealand | 3.1yrs | AU$1.40m | 0.0016% A$ 248.0k | |
| Chief Financial Officer | less than a year | no data | no data | |
| Group General Counsel | no data | no data | no data | |
| Head of Corporate Communications | no data | no data | no data | |
| Executive General Manager of Underwriting | 2.2yrs | no data | no data | |
| Group Company Secretary & Corporate Counsel | 3.8yrs | no data | no data |
2.6yrs
Average Tenure
Experienced Management: IAG's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Executive Director | 3.4yrs | AU$2.93m | 0.021% A$ 3.3m | |
| Independent Non-Executive Director | 7.3yrs | AU$218.00k | 0.0016% A$ 245.0k | |
| Independent Non-Executive Director | 4.8yrs | AU$267.00k | 0.0020% A$ 301.3k | |
| Independent Non Executive Director | 4.4yrs | AU$380.00k | 0.0021% A$ 321.1k | |
| Independent Non-Executive Chairman | 9.3yrs | AU$761.00k | 0.0046% A$ 703.0k | |
| Independent Non-Executive Director | 2.4yrs | AU$218.00k | 0.0014% A$ 213.0k | |
| Independent Non-Executive Director | 2.6yrs | AU$242.00k | 0.00084% A$ 127.8k | |
| Independent Non-Executive Director | 8.6yrs | AU$267.00k | 0.0015% A$ 231.3k | |
| Independent Non-Executive Director | 6.1yrs | AU$242.00k | 0.0016% A$ 241.9k | |
| Independent Non-Executive Director | less than a year | no data | 0.00011% A$ 16.7k | |
| Independent Non-Executive Director | 2.6yrs | AU$267.00k | 0.0019% A$ 293.7k |
4.4yrs
Average Tenure
65yo
Average Age
Experienced Board: IAG's board of directors are considered experienced (4.4 years average tenure).