About IAG
IAG is a company based in Sydney (Australia) founded in 1920. It operates as a Subscription Services, and Commission-Based. IAG has completed 11 acquisitions, including AMI Insurance, Carbar and ERS. IAG offers products and services including Insurance Policies and Reinsurance Services. IAG operates in a competitive market with competitors including QBE Group, Blue KC, NRMA Insurance, Prudential and Beazley, among others.
- Headquarter Sydney, Australia
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Insurance Australia Group Limited
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Annual Revenue
$11.7 B (USD)8.47as on Jun 30, 2025
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Net Profit
$898.64 M (USD)51.34as on Jun 30, 2025
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EBITDA
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Latest Funding Round
$388 M (USD), Post-IPO
Jun 16, 2015
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
AMI Insurance
& 10 more
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IPO & Listings of IAG
IAG is a publicly listed company on the ASX with ticker symbol IAG in Australia, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of IAG
IAG offers a comprehensive portfolio of products and services, including Insurance Policies and Reinsurance Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Various insurance products are offered for personal and business needs.
Reinsurance solutions are provided for risk management and claims.
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Software Development Team
161 people
Leadership Team
59 people
Manager Team
46 people
Senior Team
34 people
Data Analysis and Operations Team
24 people
Finance and Accounting
23 people
Human Resources and Administration
20 people
Product Management Team
19 people
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Funding Insights of IAG
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $388.0M
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First Round
First Round
(16 Jun 2015)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Post-IPO - IAG | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in IAG
IAG has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Berkshire Hathaway. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of multinational conglomerate services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by IAG
IAG has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include AMI Insurance, Carbar and ERS. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Online car subscription platform
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2016 | ||||
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Business strategy, operational, and advisory consulting services are provided.
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2016 | ||||
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General insurance brokerage services are provided to clients.
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2008 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - IAG
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Iag Comparisons
Competitors of IAG
IAG operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as QBE Group, Blue KC, NRMA Insurance, Prudential and Beazley, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
General insurance and reinsurance services are offered worldwide.
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| domain | founded_year | HQ Location |
Provides health insurance plans for individuals, families, employers, and Medicare recipients.
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| domain | founded_year | HQ Location |
Insurance coverage for vehicles and property is provided in Australia.
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| domain | founded_year | HQ Location |
Financial services for pensions and investments are provided by Prudential.
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| domain | founded_year | HQ Location |
Specialist insurance and reinsurance are underwritten for clients worldwide.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Iag
Frequently Asked Questions about IAG
When was IAG founded?
IAG was founded in 1920 and raised its 1st funding round 95 years after it was founded.
Where is IAG located?
IAG is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
What is the annual revenue of IAG?
Annual revenue of IAG is $11.7B as on Jun 30, 2025.
What does IAG do?
Insurance Australia Group Limited, known as IAG, is involved in offering a wide range of insurance products and services. Coverage is provided for personal, business, and specialty needs through various brands like NRMA Insurance, CGU, and NZI. Operations are conducted in Australia and New Zealand, focusing on property and casualty insurance. Solutions are tailored to manage risks associated with natural disasters and other unforeseen events. Emphasis is placed on sustainability, disaster resilience, and community impact. Partnerships and memberships are maintained to support climate action and diversity initiatives. Research and reporting on material topics are regularly conducted to enhance transparency.
Who are the top competitors of IAG?
IAG's top competitors include Beazley, NRMA Insurance and Allied World Assurance Company.
What products or services does IAG offer?
IAG offers Insurance Policies and Reinsurance Services.
Is IAG publicly traded?
Yes, IAG is publicly traded on ASX under the ticker symbol IAG.
How many acquisitions has IAG made?
IAG has made 11 acquisitions, including AMI Insurance, Carbar, and ERS.
Who are IAG's investors?
IAG has 1 investor. Key investors include Berkshire Hathaway.
What is IAG's ticker symbol?
The ticker symbol of IAG is IAG on ASX.
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