Insurance Australia Group Limited

ASX:IAGPF Stock Report

Market Cap: AU$17.5b

Insurance Australia Group Management

Management criteria checks 3/4

Insurance Australia Group's CEO is Nick Hawkins, appointed in Nov 2020, has a tenure of 3.83 years. total yearly compensation is A$5.23M, comprised of 33.9% salary and 66.1% bonuses, including company stock and options. directly owns 0.025% of the company’s shares, worth A$4.37M. The average tenure of the management team and the board of directors is 3 years and 4.8 years respectively.

Key information

Nick Hawkins

Chief executive officer

AU$5.2m

Total compensation

CEO salary percentage33.9%
CEO tenure3.8yrs
CEO ownership0.02%
Management average tenure3yrs
Board average tenure4.8yrs

Recent management updates

No updates

Recent updates

CEO Compensation Analysis

How has Nick Hawkins's remuneration changed compared to Insurance Australia Group's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2024AU$5mAU$2m

AU$898m

Mar 31 2024n/an/a

AU$821m

Dec 31 2023n/an/a

AU$750m

Sep 30 2023n/an/a

AU$791m

Jun 30 2023AU$3mAU$2m

AU$825m

Mar 31 2023n/an/a

AU$745m

Dec 31 2022n/an/a

AU$664m

Sep 30 2022n/an/a

AU$506m

Jun 30 2022AU$3mAU$2m

AU$347m

Mar 31 2022n/an/a

AU$281m

Dec 31 2021n/an/a

AU$214m

Sep 30 2021n/an/a

-AU$100m

Jun 30 2021AU$3mAU$1m

-AU$414m

Mar 31 2021n/an/a

-AU$359m

Dec 31 2020n/an/a

-AU$304m

Sep 30 2020n/an/a

AU$68m

Jun 30 2020AU$2mAU$1m

AU$439m

Dec 31 2019n/an/a

AU$865m

Sep 30 2019n/an/a

AU$868m

Jun 30 2019AU$3mAU$1m

AU$871m

Dec 31 2018n/an/a

AU$681m

Sep 30 2018n/an/a

AU$814m

Jun 30 2018AU$3mAU$1m

AU$947m

Compensation vs Market: Nick's total compensation ($USD3.60M) is about average for companies of similar size in the Australian market ($USD4.44M).

Compensation vs Earnings: Nick's compensation has increased by more than 20% in the past year.

CEO

Nick Hawkins (56 yo)

3.8yrs

Tenure

AU$5,232,000

Compensation

Mr. Nicholas B. Hawkins, also known as Nick, BCom, CA, FCA, is President of the Board at Insurance Council of Australia. He is Executive Director at IAG New Zealand Limited since November 18, 2020. He serv...

Leadership Team

NamePositionTenureCompensationOwnership
Nicholas Hawkins
MD, CEO & Executive Director3.8yrsAU$5.23m0.025%
A$ 4.4m
William Rufus McDonnell
Chief Financial Officerless than a yearAU$1.13mno data
Neil Morgan
Chief Operating Officerno dataAU$2.37m0.010%
A$ 1.8m
Robert Cutler
Group General Counselless than a yearAU$200.00kno data
Christine Stasi
Group Executive of People5.2yrsAU$2.18m0.0050%
A$ 882.7k
Julie Batch
CEO of NRMA Insuranceno dataAU$2.42m0.0062%
A$ 1.1m
Jarrod Hill
CEO of CGU & WFI3yrsAU$2.33m0.0052%
A$ 917.8k
Peter Taylor
Group Chief Risk Officer2.3yrsAU$1.96mno data
Amanda Whiting
Chief Executive of New Zealand3.5yrsAU$2.21m0.0034%
A$ 601.9k
Amanda Wallace
Head of Corporate Communicationsno datano datano data
Darren O'Connell
Executive General Manager of Underwriting2.6yrsno datano data
Jane Bowd
Group Company Secretary & Corporate Counsel4.3yrsno datano data

3.0yrs

Average Tenure

Experienced Management: IAGPF's management team is considered experienced (3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Nicholas Hawkins
MD, CEO & Executive Director3.8yrsAU$5.23m0.025%
A$ 4.4m
Helen Nugent
Independent Non-Executive Director7.8yrsAU$238.00k0.0016%
A$ 282.5k
George Savvides
Independent Non-Executive Director5.3yrsAU$267.00k0.0020%
A$ 347.5k
Simon Allen
Independent Non Executive Director4.8yrsAU$381.00k0.0021%
A$ 370.3k
Thomas Pockett
Independent Non-Executive Chairman9.7yrsAU$762.00k0.0046%
A$ 810.7k
Scott Pickering
Independent Non-Executive Director2.8yrsAU$272.00k0.0014%
A$ 245.7k
George Sartorel
Independent Non-Executive Director3yrsAU$242.00k0.0011%
A$ 186.0k
Jonathan Nicholson
Independent Non-Executive Director9yrsAU$246.00k0.0015%
A$ 266.7k
Michelle Tredenick
Independent Non-Executive Director6.5yrsAU$263.00k0.0016%
A$ 280.8k
Wendy Thorpe
Independent Non-Executive Director1.2yrsAU$238.00k0.00062%
A$ 108.8k
David Armstrong
Independent Non-Executive Director3yrsAU$267.00k0.0019%
A$ 338.7k

4.8yrs

Average Tenure

66yo

Average Age

Experienced Board: IAGPF's board of directors are considered experienced (4.8 years average tenure).