|Company name||Insurance Australia Group Limited|
|Company type||Public (ASX:IAG)|
|Founded||2000 (renamed from NRMA Insurance Group in 2002)|
|Key people||Brian Schwartz AO, Chairman; CEO Michael Wilkins|
|Products||General, commercial, vehicle, home and contents insurance, roadside assistance|
|Revenue||(-) A$7,782 million (2010)|
|Operating income||(+) A$402 million (2010)|
|Net income||(-) A$91 million (2010)|
|Subsidiary||NRMA Insurance, CGU Insurance, SGIO, SGIC, Swann Insurance, NZI, State Insurance, China Automobile Association[http://www.asx.com.au/asx/research/CompanyInfoSearchResults.jsp?searchBy=asxCode&allinfo=on&asxCode=IAG&companyName=&principalActivity=&industryGroup=NONZI Thailand, Safety Insurance, AmAssurance, Equity Red Star, Equity Direct Broking|| |
Insurance Australia Group Limited (IAG) is an Australian publicly-listed company with its shares traded on the Australian Stock Exchange as Asx - IAG.
The company was formed by the demutualisation of the NRMA Insurance business in July 2000 and a return of shares to the members of NRMA. According to its website, NRMA Insurance Group Limited changed its name to Insurance Australia Group Limited on 15 January 2002. IAG is the name of the listed entity; it is not a customer-facing brand, however it represents the umbrella organization that holds many well known insurance brands.