Insurance Australia Group Limited
IAG.AXFinancial ServicesASXInsurance - Property & Casualty · Last scanned May 29, 2026
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Daily timeframeHeadquartered within the financial services sector, Insurance Australia Group Limited focuses on Insurance - Property & Casualty services and products. Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand. At a $17.90B market cap, Insurance Australia Group Limited ranks as a large-cap company within financial services. The company's short-tail insurance products include motor vehicle; home and contents; lifestyle and leisure, including boat, veteran and classic car, and caravan; business packages; farm; commercial motor; commercial property; fleet motor; construction and engineering; rural; marine; and niche insurance, such as pleasure craft, boat, and caravan.
Market Cap
$17.90B
Beta
-0.01
P/E (TTM)
16.55
P/E (Fwd)
15.66
EPS (TTM)
$0.46
EPS (Fwd)
$0.49
ROE
15.7%
ROA
4.6%
Cash
$1.37B
Total Debt
$3.26B
Free CF
-$396.6M
52W Change
-12.4%
Annual Financials
Cash vs Debt
Insurance Australia Group Limited carries $3.26B in total debt against $1.37B in cash reserves — debt is roughly 2.4x the cash position. Managing this leverage effectively will be important for long-term financial stability. The company is burning cash, with free cash flow at -$396.6M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at 15.7%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 4.6% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $8.88B (2022) to $14.90B (2025), reflecting a 68% increase over the period.
IAG.AX's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Insurance Australia Group Limited and its sector.