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Insurance Australia Group

Insurance Australia Group
Company nameInsurance Australia Group Limited
Company typePublic (ASX:IAG)
IndustryInsurance
Founded2000 (renamed from NRMA Insurance Group in 2002)
HeadquartersSydney, Australia
Area servedAustralia
New Zealand
United Kingdom
Thailand
Malaysia
China
Key peopleBrian Schwartz AO, Chairman; CEO Michael Wilkins
ProductsGeneral, 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)
Employees12700
SubsidiaryNRMA 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

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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.


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