Investor Presentaiton
Building strategic capability
H1
H2 H3
.
FY24 Outlook
Confident of delivering at least $250m insurance profit.
• In anticipation of significant re-insurance increases, we started
applying rate to cover costs in 2Q23. Further adjustments made
in 3Q to reflect actual reinsurance outcomes post renewal.
Further improvement in admin expense ratio.
• Costs to commence delivery of strategic technology program
included in FY24 and medium-term plans. Benefits will start to
flow through from FY25. IIA will absorb investment cost and
continue to grow margin.
•
Horizon 1
Horizon 2
Horizon 3
Simplification
FY22-24
Horizon 2 Outcomes
Transition to targeted growth
strategies.
Growth
FY25-26
• Technology deployed to transform
to modern operational processes
and uplift core insurance
capabilities.
Continued focus on expense
management.
•
Differentiation
FY27
Horizon 3 Outcomes
Leverage technology and core
insurance capabilities to establish
CGU and WFI as market leading
intermediated insurers.
CGU positioned as a core player
in the corporate commercial
insurance market.
25 Investor Day | 14 June 2023
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