IAG - M&A Summary and Business Overview

InsuranceCompany

IAG M&A Summary

IAG has acquired 4 companies. A total of 2 acquisitions came from private equity firms. It has also divested 2 assets.

IAG’s largest acquisition to date was in 2013, when it acquired Wesfarmers - Insurance Underwriting Business for $1.3B. IAG has acquired in 2 countries. The Company’s most targeted sectors include insurance (100%).

IAG Business Overview

Where is IAG headquartered?

IAG is headquartered in Sydney, Australia.

What is IAG’s revenue?

IAG disclosed revenue of 10,212M AUD for 2023 and 8,880M AUD for 2022.

How many employees does IAG have?

IAG has 13,500 employees.

What sector is IAG in?

IAG is an insurance company.

When was IAG founded?

IAG was founded in 1920.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity3
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 1

IAG

Insurance Australia Group Ltd.

Tower Two Level 13 Darling Park 201 Sussex Street,
Sydney, NSW 2000
Australia,
61 (2) 9292 9222
www.iag.com.au

IAG is the parent company of a general insurance group with controlled operations in Australia, New Zealand, Thailand and Vietnam, employing over 13,500 people. Insurance Australia Group was founded in 1920 and is based in Sydney, Australia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $2.2B $2.2B
Sell (0.2/yr) # 1 - 1 - - - 2
  5

Most Recent M&A

Company Date Value Type
AmGeneral Insurance Berhad 2021-07-19 - Divestiture
Kuala Lumpur, Malaysia · www.amgeneralinsurance.com
Wesfarmers - Insurance Underwriting Business 2013-12-16 1.3B AUD Divestiture
, Australia
ERS Insurance 2013-04-22 - Divestiture
London, United Kingdom · www.ers.com
HBF Holdings Pty Ltd. 2011-06-30 - Add-on Acquisition
Perth, Australia
ERS Insurance 2007-01-08 877M GBP Add-on Acquisition
London, United Kingdom · www.ers.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 3 (100%) 2.2B (100%) 2 (100%) -
Total 3 $2.2B 2 -

By Geo

State/Country Buy Value Sell Value
Australia 2 1.3B - -
United Kingdom 1 877M 1 -
Malaysia - - 1 -
Domestic 2 (67%) 1.3B (60%) - -
Cross-border 1 (33%) 877M (40%) 2 (100%) -
Total 3 $2.2B 2 -

Top M&A Advisors

Financial Deals
Gresham Advisory Partners
 1

Deal Values

buy # Total
> $1B 1 $1.3B
$100M to $1B 1 $877M
TOTAL $2.2B
Largest Wesfarmers - Insurance Underwriting Business
$1.3B (2013-12-16)

M&A Connections

Deals
Acquired from
Investor(s)
33%
1 (33%)
Strategic(s)
33%
1 (33%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Insurance

Revenue

10,212   15% 2023
8,880   4% 2022
9,187   4% 2021
8,878   3% 2020
9,063   1% 2019
9,141   8% 2018
9,881   9% 2017
9,074   2016
(millions of AUD) Show More Show Less

Employees

13,500

Established

1920

Public

Australia (ASX): IAG

Former Name

NRMA Insurance Group Limited

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