In This Article:
Insurance Australia Group (ASX:IAG) Full Year 2024 Results
Key Financial Results
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Revenue: AU$9.70b (up 10.0% from FY 2023).
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Net income: AU$898.0m (up 7.9% from FY 2023).
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Profit margin: 9.3% (down from 9.4% in FY 2023). The decrease in margin was driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Insurance Australia Group Meets Expectations
Revenue was in line with analyst estimates.
Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Insurance industry in Australia.
Performance of the Australian Insurance industry.
The company's share price is broadly unchanged from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Insurance Australia Group's balance sheet health.
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