IAG settles Greensill claim. Insurance Australia Group stock sits 11.35 percent below its high
Published on 10/02/2026 at 12:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Insurance Australia Group (ISIN AU000000IAG3) was trading at AUD 7.73 on the ASX on October 2, 2026, 11.35 percent below its AUD 8.72 52-week high. The company agreed to settle A$2.8 billion of Credit Suisse claims linked to Greensill proceedings on September 25, 2026, according to StockWire X.
Greensill settlement reduces litigation exposure
The settlement covers proceedings with an aggregate face value of AUD 2.80 billion plus interest. StockWire X reported on September 25, 2026 that IAG expects no material effect on its financial position or fiscal 2027 results, while the remaining White Oak proceedings carry a face value of AUD 170.00 million plus interest.
The comparison matters because the settled Credit Suisse claim was 16.47 times the stated White Oak exposure. That leaves litigation resolution as a balance-sheet issue to monitor, rather than a direct change to the insurer's fiscal 2027 earnings outlook.
Premium growth meets lower profit
IAG's fiscal 2026 gross written premium increased 7.60 percent to AUD 18.41 billion, while net profit after tax declined from AUD 1.36 billion in fiscal 2025 to AUD 1.02 billion in fiscal 2026, according to Insurtech Amsterdam. The decline was 24.80 percent based on those reported figures, even as premium volume expanded.
The earnings mix gives the settlement a specific context: IAG has scale to absorb legacy claims, but higher natural peril activity weighed on fiscal 2026 earnings. Grafa reported on September 23, 2026 that IAG would seek a public benefits determination after regulators opposed its proposed RAC alliance.
Stock remains below yearly high
The October 2, 2026 Lang & Schwarz quote was EUR 4.80 at 12:30 p.m. CEST, up 0.84 percent versus the prior close of EUR 4.76. The next scheduled earnings release is February 11, 2027, while the annual shareholders meeting is set for October 22, 2026, according to Stockopedia.
Insurance Australia Group stock facts
- Company: Insurance Australia Group Limited
- ISIN: AU000000IAG3
- Ticker: IAG
- Primary exchange: ASX
- Price Lang & Schwarz (as of October 2, 2026, 12:30 p.m. CEST): EUR 4.80
- Change versus prior close: plus 0.84 percent
- Prior close Lang & Schwarz (October 1, 2026): EUR 4.76
- Market capitalization: AUD 18.0 billion (as of October 2, 2026)
- 52-week range: AUD 6.39-AUD 8.72 (as of October 2, 2026)
- Sector / Industry: Financial Services / Insurance - Property & Casualty
- Next earnings date: February 11, 2027
