IAG - Insurance Australia Group Limited reported its half year $(HY)$ 2026 results, posting a net profit after tax of AUD 505 million. The result includes a one-off impact of AUD 174 million from severe seasonal weather related to the recently acquired RACQI business, which occurred before its integration into IAG's reinsurance program in January 2026. The company declared an interim dividend of AUD 0.12 per share and announced an on-market share buyback of up to AUD 200 million, reflecting a strong capital position. Gross written premium (GWP) grew by 6% for the period, supported by four months’ contribution from RACQI. Underlying GWP growth in the retail businesses in Australia and New Zealand was approximately 4%. The underlying insurance margin, excluding the one-off RACQI perils impact, was 16.3%, while the reported insurance margin stood at 17.7%. The Australian intermediated business recorded underlying growth of 3.5%, with support from the WFI Insurance rural portfolio. The New Zealand commercial segment faced challenging market conditions and currency headwinds but maintained underwriting discipline. IAG highlighted the inclusion of RACQI in its comprehensive reinsurance program, aiming to reduce earnings volatility and support future growth through an efficient capital structure.

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