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 3.5 years. total yearly compensation is A$2.93M, comprised of 60.4% salary and 39.6% bonuses, including company stock and options. directly owns 0.022% of the company’s shares, worth $2.12M. The average tenure of the management team and the board of directors is 2.7 years and 4.5 years respectively.

Key information

Nick Hawkins

Chief executive officer

AU$2.9m

Total compensation

CEO salary percentage	60.4%
CEO tenure	3.5yrs
CEO ownership	0.02%
Management average tenure	2.7yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Nick Hawkins's remuneration changed compared to Insurance Australia Group's earnings?
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 ($USD1.91M) is below average for companies of similar size in the US market ($USD13.53M).

Compensation vs Earnings: Nick's compensation has been consistent with company performance over the past year.

CEO

Nick Hawkins (55 yo)

3.5yrs

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
Nicholas Hawkins	MD, CEO & Executive Director	3.5yrs	AU$2.93m	0.022% A$ 2.1m
Neil Morgan	Chief Operating Officer	no data	AU$1.31m	0.0082% A$ 807.8k
Christine Stasi	Group Executive of People	4.8yrs	AU$1.23m	0.0034% A$ 329.6k
Julie Batch	CEO of NRMA Insurance	no data	AU$1.30m	0.016% A$ 1.5m
Jarrod Hill	CEO of CGU & WFI	2.7yrs	AU$1.64m	0.0030% A$ 292.2k
Peter Taylor	Group Chief Risk Officer	2yrs	AU$1.53m	no data
Amanda Whiting	Chief Executive of New Zealand	3.2yrs	AU$1.40m	0.0016% A$ 160.4k
William Rufus McDonnell	Chief Financial Officer	less than a year	no data	no data
Robert Cutler	Group General Counsel	less than a year	no data	no data
Amanda Wallace	Head of Corporate Communications	no data	no data	no data
Darren O'Connell	Executive General Manager of Underwriting	2.3yrs	no data	no data
Jane Bowd	Group Company Secretary & Corporate Counsel	3.9yrs	no data	no data

2.7yrs

Average Tenure

Experienced Management: IAUG.Y's management team is considered experienced (2.7 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Nicholas Hawkins	MD, CEO & Executive Director	3.5yrs	AU$2.93m	0.022% A$ 2.1m
Helen Nugent	Independent Non-Executive Director	7.4yrs	AU$218.00k	0.0016% A$ 158.4k
George Savvides	Independent Non-Executive Director	4.9yrs	AU$267.00k	0.0020% A$ 194.8k
Simon Allen	Independent Non Executive Director	4.5yrs	AU$380.00k	0.0021% A$ 207.6k
Thomas Pockett	Independent Non-Executive Chairman	9.3yrs	AU$761.00k	0.0046% A$ 455.6k
Scott Pickering	Independent Non-Executive Director	2.5yrs	AU$218.00k	0.0014% A$ 137.8k
George Sartorel	Independent Non-Executive Director	2.7yrs	AU$242.00k	0.00085% A$ 83.6k
Jonathan Nicholson	Independent Non-Executive Director	8.7yrs	AU$267.00k	0.0015% A$ 149.6k
Michelle Tredenick	Independent Non-Executive Director	6.2yrs	AU$242.00k	0.0016% A$ 157.4k
Wendy Thorpe	Independent Non-Executive Director	less than a year	no data	0.00011% A$ 10.8k
David Armstrong	Independent Non-Executive Director	2.7yrs	AU$267.00k	0.0019% A$ 189.9k

4.5yrs

Average Tenure

65yo

Average Age

Experienced Board: IAUG.Y's board of directors are considered experienced (4.5 years average tenure).

Insurance Australia Group Management

Management criteria checks 4/4

Key information

Recent management updates

IAG Appoints Robert Cutler as Group General Counsel

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

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

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

Recent updates

IAG Appoints Robert Cutler as Group General Counsel

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

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

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

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

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

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

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).

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

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

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

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

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.

Race for CBA Insurance Unit Reportedly Nears Finish Line

Insurance Australia Group Limited Announces Dividend on IAGPD - CAP NOTE 3-BBSW+4.70% PERP NON-CUM RED T-06-23 for the Quarter Ending June 14, 2021, Payable on June 15, 2021

Insurance Australia Group Limited Announces Executive Changes

IAG Finalises 2021 Catastrophe Reinsurance

Insurance Australia Group Limited, Annual General Meeting, Oct 22, 2021

Insurance Australia Group Limited has completed a Follow-on Equity Offering in the amount of AUD 650.000004 million.

IAG Appoints Nick Hawkins as New CFO

IAG Agrees Settlement of the Class Action Brought Against Swann Insurance (Aust) Pty Ltd (Swann) and Insurance Australia Limited by Johnson Winter & Slattery

Insurance Australia Group Limited Appoints Nick Hawkins as IAG Managing Director

Insurance Australia Group Limited Not to Provide Earnings Guidance for the Fiscal 2021

Insurance Australia Group Limited Determines Not to Pay Final Dividend for the 2020 Financial Year

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Board Members

Average Tenure

Average Age