IAG Reinforces Building Blocks to Support Future Earnings. FVE Increased to AUD 7.30
We are confident Insurance Australia Group can deliver its ambitious financial targets and subsequently increase our fair value estimate 4% to AUD 7.30. Insurance Australia Group is our preferred Australian general insurer and currently trades broadly in line with our valuation. The firm is more likely to generate strong earnings and dividend growth during the next five years than competitor, Suncorp Group. The 2018 investor day reinforced the building blocks required to achieve medium-term targ...Insurance Australia Group is engaged in the underwriting of general insurance and related corporate services and investing activities. Co.'s business divisions are: Consumer, which includes short tail insurance such as motor vehicle and long tail insurance such as compulsory third party, as well as travel insurance, life insurance, income protection and funeral products; Business, which provides business and farm insurance, and workers' compensation services; New Zealand, a general insurance provider in New Zealand; Asia, which provides personal and commercial insurance products through local brands in Asia; and Corporate and other, which includes placement of Co.'s reinsurance program.
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