Axiome Equities - Search Results

Insurance Australia Group Limited
There’s IMA and then there’s the rest The IMA joint venture with RACV is the best performing business within IAG. It represents 30% of IAG’s premiums but contributed 60% of its cash earnings in FY10. Published:26 August 2010

Insurance Australia Group Limited
4th downgrade in 4 months Insurance Australia Group Limited (IAG) has ended 2H10 with its 4th profit announcement/ downgrade in the past 4 months. While today’s announcement did not lower the FY10 insurance margin from 7%, it did contain the following nasties: Published:27 July 2010

Insurance Australia Group Limited
Update Insurance Australia Group Limited (IAG) recently reported its UK business, the Lloyd’s syndicate Equity Red Star, was under-reserved. It advised the market it had increased claims reserve for the business by $275M and purchased $60M of additional reinsurance protection....... Published:17 June 2010

Insurance Australia Group Limited
3rd downgrade in 3 months Insurance Australia Group Limited (IAG) shocked the market today with the news that its UK business is now expected to report an insurance margin close to -80% in 2H10...... Published:02 June 2010

Insurance Australia Group Limited
No surprise: Not enough growth Now that the insurance margin has been restored and the capital position is strong, there is only one thing to consider: Published:25 February 2010

Insurance Australia Group Limited The high cost of the IMA minority There are 104 subsidiaries listed in IAG’s 2009 annual report. Of these, one subsidiary contributed 71% of the group’s 2009 insurance profit, 28% of group net earned premium (NEP), but only required 20% of the group’s NTA at 30/6/09 and 15% of the group’s minimum capital requirements. Published:19 October 2009

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