Investor Presentaiton
Financial summary
FY22
FY23
Change
GWP ($m)
13.317
14,729
10.6%
NEP ($m)
7,909
8,326
5.3%
Expense ratio (%)
23.7
23.1
60bps
Reported insurance profit¹ ($m)
586
803
37.0%
Reported insurance margin (%)
7.4
9.6
220bps
Underlying insurance profit ($m)
1,157
1,052
9.1%
Underlying insurance margin (%)
14.6
12.6
200bps
Net (loss)/profit after tax ($m)
347
832
139.8%
Cash earnings ($m)
213
452
112.2%
Dividend (cps)
11.0
15.0
36.4%
CET1 multiple
0.97
1.12
15pts
The FY23 reported insurance profit in this document is presented on a management reported (non-IFRS) basis which is not directly comparable to the equivalent statutory (IFRS) figure in IAG's FY23 Financial Report (Appendix 4E). A
reconciliation between the two is provided on page 42 of the Financial Report to comply with the Australian Securities and Investments Commission's Regulatory Guide 230.
10 Results Presentation | 21 August 2023
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