IAG Investor Day 2024

IAG will today host an Investor Day providing an overview of strategic, operational and financial progress.

IAG Managing Director and CEO Nick Hawkins, with members of the executive leadership team, will update investors on IAG's strategic progress. This will include customer and productivity initiatives and the business benefits of its Enterprise Platform technology.

Mr Hawkins said: "What is clear is that we are now a stronger, more resilient IAG.

"IAG is a simpler business, focused on general insurance products across Australia and New Zealand. We've separated and differentiated our Retail and Intermediated businesses and aligned our leadership to focus on our different customer and product segments.

"We have some of the best consumer insurance brands in the world, and between our retail and commercial businesses we can serve customers through their channel of choice. IAG is well positioned to satisfy the insurance needs of more Australians and New Zealanders.

In Australia, our strategic alliance with RACQ* will mean our retail general insurance products will be distributed through three of the most trusted brands in financial services

Nick Hawkins

IAG Managing Director and CEO

"We've materially uplifted the risk capability across IAG and we're using reinsurance in innovative ways to reduce volatility. As we move into the next phase of growth, we are confident that IAG is a more streamlined and resilient business able to deliver strong returns to our shareholders," Mr Hawkins said.

IAG CFO William McDonnell will reaffirm FY25 guidance and outline an ambition to reduce the administration expense (ex-levies) ratio by at least 100bps to under 11% in FY27.

A video webcast will commence at 9:00am (AEDT) and can be viewed here.

This release has been authorised by IAG's Managing Director and CEO.

*Subject to regulatory approval.