• Paid $5.2 billion in claims, helping customers recover from unexpected loss
• Preparing to help and serve 1.7m members of RACQ following announcement of 25-year strategic alliance
• Supported more than 10,000 customers facing financial hardship

IAG reported a strong 1H25 performance, with net profit after tax of $778 million, insurance profit of $957 million, and natural perils costs $215 million below allowance. The company continued to deliver on its purpose, supporting customers and communities by paying $5.2 billion in claims, preparing to help and serve 1.7 million members of RACQ, and supporting more than 10,000 customers facing financial hardship. IAG's Retail Insurance Australia and New Zealand businesses saw solid premium growth and improved underlying insurance margins, while the Intermediated Insurance Australia and New Zealand businesses maintained underwriting discipline. The company's strong capital position, with a CET1 ratio of 1.42, provides flexibility to invest in growth and resilience. IAG is well-positioned for future growth, with a scalable business model, leading brands, and a focus on improving efficiency and margin.

IAG provided FY25 guidance of reported insurance profit of $1,400 million to $1,600 million, reported insurance margin of 13.5% to 15.5%, and GWP growth of 'mid-to-high single digit', which is expected to be towards the lower end of the range.

IAG is well positioned for growth now and into the future, with an efficient capital platform, improving efficiency and margin, and a scalable business set to expand beyond its 7.2 million customers in Australia and New Zealand.