Investor Presentaiton
FY23 results overview
$
GWP
$14.7bn
Up 10.6% in FY23 and 13.7% in 2H23
Reported margin
9.6%
Impacted by natural peril costs $297m
above allowance
Underlying margin¹
12.6%
Strong momentum with 2H23 at 14.6%
Net profit after tax
$832m
Includes post-tax $392m benefit from the
Business Interruption provision reduction
Final dividend
9cps
Total FY23 dividends of 15cps, up 36%
FY24 Guidance²
GWP growth of low double digits
Reported margin of 13.5% to 15.5%
Expected margin improvement from earn-through of
premium increases and higher investment yields
(1) IAG defines its underlying insurance margin as the reported insurance margin adjusted for net natural peril claim costs less the related allowance; prior period reserve releases or strengthening and credit spread movements.
(2) Refer to Appendix 1: FY24 Guidance and Outlook for more detail.
iag
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Results Presentation | 21 August 2023View entire presentation