Insurance Australia Group Ltd (IAUGF,IAUGY,IAG.AX) announced an upgrade to its fiscal year2026 guidance following the completion of its acquisition of the Royal Automobile Club of Queensland's (RACQ) insurance business.
The company now expects FY26 gross written premium (GWP) growth of approximately 10%, up from its previous 'low-to-mid single digit' range, reflecting the inclusion of RACQ Insurance (RACQI) from 1 September 2025.
Reported insurance profit is forecast to be between A$1.550 billion and A$1.750 billion, an increase of A$100 million from the earlier range of A$1.450 billion to A$1.650 billion. This corresponds to a reported insurance margin range of 14% to 16%.
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