IAG is the parent company of a general insurance group with controlled operations in Australia, New Zealand, Thailand, Vietnam and Indonesia. Its businesses underwrite over $11.4 billion of premium per annum, selling insurance under many leading brands, including: NRMA Insurance, CGU, SGIO, SGIC, Swann Insurance and WFI (Australia); NZI, State, AMI and Lumley Insurance(New Zealand); Safety and NZI (Thailand); AAA Assurance (Vietnam); and Asuransi Parolamas(Indonesia).
In July 2017, IAG announced the creation of a single Australian division, which simplifies IAG’s operating model by bringing together the Australian Consumer, Australian Business, Operations and Satellite Divisions. It centralises accountability for the customer, product, distribution and operations functions for IAG’s Australian brands, which include NRMA Insurance, CGU, WFI, SGIO and SGIC.
Before this development, we operated two Australian divisions, and our most recent financial results (for the half year ended 31 December 2016) were in these divisions: