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Investor Presentaiton

Divisional highlights • . Direct Insurance Australia (DIA) ~132k growth in customer numbers Accelerating GWP growth (Motor & Home 12% in 2H23) Underlying margin rebound in 2H23, with claims inflation moderating Intermediated Insurance Australia (IIA) ~13% average rate increases 2H23 GWP growth of 16.2% assisted by multi-year policies Strong improvement in underlying margin to 9.8% in 2H23 GWP growth/ underlying margin GWP growth / underlying margin New Zealand • Strong NZ$ GWP growth of ~12% Reported margin of 2.4% due to NZ's 2nd and 3rd largest peril events in history Underlying margin impacted by inflationary pressures and higher reinsurance costs GWP growth / underlying margin 21.8% 19.2% 16.2% 16.8% 16.8% 15.6%15.3% 18.2% 13.2% 9.8% 10.9% 8.9% 13.2% 9.1% 13.8% 7.8% 8.3% 8.1% 9.0% 7.1% 5.9% 5.8% 5.0% 5.1% 3.9% 5.7% 3.3% 3.2% 1H22 2H22 GWP Growth 1H23 -Underlying margin 2H23 1H22 2H22 1H23 2H23 1H22 2H22 1H23 2H23 IGWP Growth -Underlying margin A$ GWP growth - NZ$ GWP growth Underlying margin 7 Results Presentation | 21 August 2023 iag
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