• Strong FY26 results with Gross Written Premium (GWP) up 7.6%
• Net Profit After Tax down 24.8% due to elevated FY25 results
• FY27 guidance for Reported Insurance Margin between 14.5% and 16.5%

Insurance Australia Group Ltd (IAG) announced its full-year financial results for FY26, highlighting a 7.6% increase in Gross Written Premium (GWP) to $18.412 billion. Underlying insurance profit rose by 2.3% to $1.578 billion, while Net Profit After Tax decreased by 24.8% to $1.022 billion, reflecting elevated results from FY25. The company provided FY27 guidance for a Reported Insurance Margin between 14.5% and 16.5%, with GWP growth expected between 5% and 8%. The announcement also noted a 2.5% increase in quota-share reinsurance expense and a 15% increase in non-quota share reinsurance expense, primarily due to the RACQI portfolio. Despite a $114 million overage in net perils costs, IAG's reinsurance covers are expected to provide an average benefit of over $100 million annually.

FY27 Reported Insurance Margin 14.5% to 16.5%, GWP growth 5% to 8%

IAG expects a Reported Insurance Margin between 14.5% and 16.5% for FY27, with Gross Written Premium growth between 5% and 8%.