• IAG expects FY26 GWP growth of ~10%, up from previous 'low-to-mid single digit' range
• Reported insurance profit now expected to be in $1,550m to $1,750m range, up $100m
• Acquisition of RACQI strengthens IAG's position in Queensland market

IAG today announced an upgrade to its FY26 guidance following the successful completion of the acquisition of the Royal Automobile Club of Queensland's (RACQ) insurance business. IAG expects FY26 gross written premium (GWP) growth of approximately 10%, up from the previous 'low-to-mid single digit' range, reflecting the inclusion of RACQ Insurance (RACQI) from 1 September 2025. Reported insurance profit is now expected to be in the range of $1,550m to $1,750m, up $100m from the previous range of $1,450m to $1,650m. This broadly equates to a reported insurance margin range of 14% to 16%. The acquisition of RACQI is strategically aligned with IAG's growth ambitions and strengthens the company's position in the Queensland market. The integration process is progressing smoothly, and the RACQI business is performing slightly ahead of expectations.

IAG expects FY26 gross written premium (GWP) growth of approximately 10% and reported insurance profit in the range of $1,550m to $1,750m, up from the previous guidance of 'low-to-mid single digit' GWP growth and $1,450m to $1,650m insurance profit.