Investor Presentaiton
Strong GWP growth to drive future GEP growth
Reported GWP growth of 10.6%:
Group GWP vs GEP growth
•
Increasing rate rises to counter higher
inflation, perils expectation and
14%
reinsurance costs
.
>1% DIA volume growth primarily from
12%
Home and Motor in Victoria
Strong retention rates across IAG
10%
Underlying GWP growth of 11.1%:
8%
Benefit from multi-year workers' comp
premiums; offset by
6%
IIA portfolio exits; and
.
depreciation of $NZ in 1H23.
4%
2H23 Reported GWP growth of 13.7% and
Underlying GWP growth of 12.6%
2%
Gross Earned Premium 2H23 growth 8.2%,
expected to increase further in FY24
0%
11 Results Presentation | 21 August 2023
1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23
■ GWP growth
■ GEP growth
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