IAG’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

IAG provides a range of personal and commercial insurance products that includes motor vehicle and home insurance in Australia. Read more

Peter Harmer's photo - CEO of IAG

CEO

Peter Harmer

CEO Approval Rating

67/100

Founded:

1925

Status:

PublicAustralian Securities ExchangeIAG

TOP COMPETITORS OR ALTERNATIVES

RANK

COMPANY

CEO

CEO RATING

EMPLOYEES

FUNDING

REVENUE

Missing a competitor? Contribute!

Suncorp is seen as one of IAG's biggest rivals. Suncorp is headquartered in Brisbane, Queensland, and was founded in 1902. Like IAG, Suncorp also works within the Life & Health Insurance sector. Suncorp generates 177% the revenue of IAG.

QBE Holdings is seen as one of IAG's top competitors. QBE Holdings was founded in 1886, and its headquarters is in Sydney, New South Wales. QBE Holdings operates in the Life & Health Insurance industry. QBE Holdings has 578 more employees than IAG.

Allianz is one of IAG's top rivals. Allianz is a Public company that was founded in Munchen, Bavaria in 1890. Allianz operates in the Life & Health Insurance industry. Allianz has 136,142 more employees vs. IAG.

Weigh-in!

Help the Owler community know more

Competitor - 1/1

Is Hollard a competitor of IAG?

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$8.3B

IAG's revenue is the ranked 20th among it's top 10 competitors. The top 10 competitors average 27.9B. Over the last four quarters, IAG's revenue has decreased by 0%. Specifically, in Q2 2020's revenue was $8.3B; in Q1 2020, it was $8.3B; in Q4 2019, it was $8.3B; in Q3 2019, IAG's revenue was $8.3B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION

-

-

Nov 2019

Source »
undisclosed
-
Carbar Holdings Pty Ltd

Jul 2019

Source »
undisclosed
Carbar is an online platform that offers car subscription and trading services for individuals.
Lumley Insurance

Jan 2014

Source »
undisclosed
-
Wesfarmers Federation Insurance.

Jan 2014

Source »
undisclosed
-

-

-

Apr 2012

Source »
$380M
-

These are all the companies that IAG has acquired. IAG has acquired 11 companies and its latest acquisition was in Nov 2019.

IAG Funding History

$500M

Since IAG was founded in 1925, it has participated in 1 round of funding. In total IAG has raised $500.0M. IAG's funding round was on Jun 2015 for a total of $500.0M

ROUND

FUNDING DATE

AMOUNT

INVESTORS

Equity
Jun 2015
$500M

Berkshire Hathaway, Inc.

Total Funding: $500M

Since IAG was founded in 1925, it has participated in 1 round of funding. In total IAG has raised $500.0M. IAG's funding round was on Jun 2015 for a total of $500.0M

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Bluedot develops a mobile engagement platform that provides geofencing and mobile push messaging services for businesses.
$9.1M
Oct 24, 2019
Series B
-

These are all the companies that IAG has invested in. IAG has invested 11 companies and its latest investment was in Nov 2019.

IAG News

September 21, 2020Finance News Network

IAG (ASX:IAG) appoints Nick Hawkins as CEO

21 Sep 2020 - IAG (ASX:IAG) has appointed Nick Hawkins as its new chief executive officer and managin... See more »
August 20, 2020MarketScreener

2020 Directors' report (2.45 MB)

(marketscreener.com) Chairman and Independent Non-Executive Director INSURANCE INDUSTRY EXPERIENCE El... See more »
August 17, 2020Australian Financial Review

IAG to raise $300m debt buffer

IAG will raise at least $300 million in debt from institutional investors to boost reserves as it bat... See more »
August 16, 2020MarketScreener

IAG prices institutional subordinated debt issue

(marketscreener.com) 17 Aug 2020 Insurance Australia Group Limited today advised that it has successf... See more »
August 10, 2020Insurance News AU

succession

With the results for IAG's financial year behind them, the group's directors now have another major m... See more »
August 10, 2020Insurance News AU

IAG confident on BI policies, stresses government role

IAG is confident it will not be exposed to a wave of business interruption claims flowing from COVID-... See more »

IAG Press Releases

November 18, 2014BUSINESS WIRE

Non-Life Insurance in Australia, Key Trends and Opportunities to 2018

DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xxskq4/nonl... See more »
March 7, 2014SB WIRE

Company Profile and SWOT Analysis

Naperville, IL -- (SBWIRE) -- 03/07/2014 -- Reportstack, provider of premium market research reports ... See more »

Headquarters

388 George Street Level 26

Sydney, New South Wales2000

61-2-9292-9222

Driving Directions »

Trending Companies

Summary

ABOUT

Overview

IAG provides a range of personal and commercial insurance products that includes motor vehicle and home insurance in Australia. IAG was founded in 1925. IAG's headquarters is located in Sydney, New South Wales, AU 2000. It has raised 500.0M in 1 round...

CEO

IAG's CEO, Peter Harmer, currently has an approval rating of 67%. IAG's primary competitors are Suncorp, QBE Holdings & Allianz.

Website

iag.com.au

Frequently Asked Questions about IAG

  1. When was IAG founded?

    IAG was founded in 1925
  2. Who is IAG's CEO?

    IAG's CEO is Peter Harmer
  3. How much revenue does IAG generate?

    IAG generates $8.3B in revenue
  4. How much funding does IAG have?

    IAG has historically raised $500M in funding
  5. Where is IAG's headquarters?

    IAG's headquarters is in Sydney New South Wales, AU
  1. How many employees does IAG have?

    IAG has 11,126 employees
  2. What sector does IAG operate in?

    IAG is in Life & Health Insurance, Insurance Brokers, Diversified Financial Services
  3. Who are IAG's competitors?

    IAG's top competitors are Suncorp, QBE Holdings, Allianz
  4. Who has IAG invested in?

    IAG's has invested in companies such as Bluedot