Insurance Australia Group Limited

CHIA:IAG Stock Report

Market Cap: AU$19.6b

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 4.08 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$4.89M. The average tenure of the management team and the board of directors is 2.8 years and 4.6 years respectively.

Key information

Nick Hawkins

Chief executive officer

AU$5.2m

Total compensation

CEO salary percentage33.9%
CEO tenure4.1yrs
CEO ownership0.02%
Management average tenure2.8yrs
Board average tenure4.6yrs

Recent management 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 ($USD3.26M) is about average for companies of similar size in the Australian market ($USD4.21M).

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

CEO

Nick Hawkins (56 yo)

4.1yrs

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 Director4.1yrsAU$5.23m0.025%
A$ 4.9m
William Rufus McDonnell
Chief Financial Officerless than a yearAU$1.13mno data
Neil Morgan
Chief Operating Officerno dataAU$2.37m0.010%
A$ 2.0m
Robert Cutler
Group General Counselless than a yearAU$200.00kno data
Christine Stasi
Group Executive of People5.4yrsAU$2.18m0.0050%
A$ 986.2k
Julie Batch
CEO of NRMA Insuranceno dataAU$2.42m0.0062%
A$ 1.2m
Jarrod Hill
CEO of CGU & WFI3.3yrsAU$2.33m0.0052%
A$ 1.0m
Peter Taylor
Group Chief Risk Officer2.6yrsAU$1.96mno data
Amanda Whiting
Chief Executive of New Zealand3.4yrsAU$2.21m0.0034%
A$ 673.1k
Amanda Wallace
Head of Corporate Communicationsno datano datano data
Darren O'Connell
Executive General Manager of Underwriting2.8yrsno datano data
Andrew Collings
Company Secretary1.1yrsno datano data

2.8yrs

Average Tenure

Experienced Management: IAG's management team is considered experienced (2.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Nicholas Hawkins
MD, CEO & Executive Director4.1yrsAU$5.23m0.025%
A$ 4.9m
Helen Nugent
Independent Non-Executive Director8yrsAU$238.00k0.0016%
A$ 315.0k
George Savvides
Independent Non-Executive Director5.5yrsAU$267.00k0.0020%
A$ 389.4k
Simon Allen
Independent Non Executive Director5.1yrsAU$381.00k0.0021%
A$ 414.8k
Thomas Pockett
Independent Non-Executive Chairman9.9yrsAU$762.00k0.0047%
A$ 925.6k
Scott Pickering
Independent Non-Executive Director3.1yrsAU$272.00k0.0014%
A$ 275.9k
George Sartorel
Independent Non-Executive Director3.3yrsAU$242.00k0.0011%
A$ 207.4k
Michelle Tredenick
Independent Non-Executive Director6.8yrsAU$263.00k0.0016%
A$ 313.1k
Wendy Thorpe
Independent Non-Executive Director1.4yrsAU$238.00k0.00062%
A$ 121.3k
David Armstrong
Independent Non-Executive Director3.3yrsAU$267.00k0.0019%
A$ 377.7k

4.6yrs

Average Tenure

66yo

Average Age

Experienced Board: IAG's board of directors are considered experienced (4.6 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 11:34
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

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

Industry and Sector Metrics

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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.

AnalystInstitution
Brett Le MesurierAxiome Equities
Benjamin BrayshawBarrenjoey Markets Pty Limited
Andrew AdamsBarrenjoey Markets Pty Limited