Investor Presentaiton

Financial summary 9 FY21 FY22 Change GWP ($m) 12,602 13,317 5.7% NEP ($m) 7,473 7,909 5.8% Insurance profit¹ ($m) 1,007 586 41.8% Underlying insurance margin² (%) 14.7 14.6 10bps Reported insurance margin (%) 13.5 7.4 610bps Net (loss)/profit after tax ($m) (427) 347 nm Cash earnings ($m) 747 213 71.5% Dividend (cps) 20.0 11.0 45% CET1 multiple 1.06 0.97 9pts nm not meaningful 'The FY22 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 FY22 Financial Report (Appendix 4E). A reconciliation between the two is provided on page 11 of the FY22 Investor Report and on page 8 of the Financial Report to comply with the Australian Securities and Investments Commission's Regulatory Guide 230. IAG's FY22 net profit after tax is the same in this document and in the Financial Report. 2IAG 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. FY22 Results 12 August 2022 iag

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