Insurance Australia Group Full Year 2024 Earnings: Revenues In Line With Expectations
Insurance Australia Group (ASX:IAG) Full Year 2024 Results
Key Financial Results
- Revenue: AU$9.70b (up 10.0% from FY 2023).
- Net income: AU$898.0m (up 7.9% from FY 2023).
- Profit margin: 9.3% (down from 9.4% in FY 2023). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Insurance Australia Group Meets Expectations
Revenue was in line with analyst estimates.
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Insurance industry in Australia.
Performance of the Australian Insurance industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for Insurance Australia Group you should know about.
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About ASX:IAG
Insurance Australia Group
Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.
Excellent balance sheet and good value.