Insurance Australia Group Ltd (FRA:NRM)
€ 5.15 0 (0%) Market Cap: 12.44 Bil Enterprise Value: 13.86 Bil PE Ratio: 23.56 PB Ratio: 3.04 GF Score: 64/100
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Insurance Australia Group Ltd Business Update Transcript

Dec 06, 2021 / 11:00PM GMT
Release Date Price: €2.66 (-4.32%)
Nicholas B. Hawkins
Insurance Australia Group Limited - MD, CEO & Executive Director

Good morning, everybody, and welcome to IAG's business update. I'd like to acknowledge that this meeting is being held on the traditional lands of the Gadigal people of the Eora Nation, and I pay my respects to elders past, present and emerging. I'm excited and proud to bring you this update today, 1 year into my role as IAG's Chief Executive. Over the past couple of years, as an industry and particularly as a company, we've had to face some serious challenges. We have appropriately provided for these and restored capital where required to address all the issues from a balance sheet point of view.

I've also made some fundamental changes to our strategy and organizational design to ensure these issues are not repeated. We have faced into our problems, and we're now building momentum right across our organization. Today, I want to leave you with clear messages around 5 key points. Firstly, our pace of change is building and our ability to invest time and effort in delivering on our growth agenda is rapidly

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