Caravan Insurance Online :: News
SHARE

Share this news item!

IAG Reports Financial Performance Amidst Rising Claims

Navigating the Impact of Severe Weather Events on Insurance Profits

IAG Reports Financial Performance Amidst Rising Claims?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

Insurance Australia Group (IAG) has reported a net profit after tax of AU$505 million for the first half of the 2026 financial year, a decrease from AU$778 million in the same period of 2025.
This decline is primarily attributed to increased claims resulting from severe weather events, including the impact of Ex-Tropical Cyclone Alfred and other significant weather-related incidents.

Despite these challenges, IAG has maintained its full-year insurance profit target, demonstrating resilience in the face of rising claims costs. The company's reported insurance profit in H1 FY26 was AU$724 million, which included the perils costs associated with recent weather events and a $66 million release of prior year reserves, down from AU$957 million in the same period of 2025.

However, the underlying insurance profit in H1 FY26 was AU$804 million, up from AU$747 million in the same period of 2025, equating to an underlying insurance margin of 15.1%. This reflects an improvement in the underlying claims ratio and expense ratio, partially offset by a lower investment yield on technical reserves.

For landlords and property investors, these financial results underscore the importance of comprehensive insurance coverage that accounts for the increasing frequency and severity of natural disasters. Staying informed about insurers' financial health and their ability to manage claims is crucial when selecting a reliable insurance provider.

Published:Saturday, 6th Jun 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

Share this news item:

Rate this article

0 Comments

No comments yet. Be the first to share your thoughts.

Insurance News

What Broker Breach Reporting Means for Fitness Professionals
What Broker Breach Reporting Means for Fitness Professionals
19 Jun 2026: Paige Estritori
New broker compliance data has put a spotlight on an issue that matters to every fitness professional who relies on public liability, professional indemnity or broader business insurance: renewal timing and communication. On 18 June 2026, Insurance Business reported that the Insurance Brokers Code Compliance Committee`s 2025 Annual Data Report recorded 5,417 breaches of the Insurance Brokers Code of Practice affecting 14,842 clients. - read more
Late Insurance Renewals Put Consultant Cover in the Spotlight
Late Insurance Renewals Put Consultant Cover in the Spotlight
19 Jun 2026: Paige Estritori
Australian consultants rely on timely, accurate insurance renewals to keep professional indemnity, public liability and other business covers aligned with current contracts. A recent annual compliance update from the insurance broking sector has underlined why renewal discipline matters: missed or late renewal contact was reported as the leading category of broker code breaches for the past year. - read more
Why GIS Project Tracking Matters for Construction Insurance
Why GIS Project Tracking Matters for Construction Insurance
19 Jun 2026: Paige Estritori
Build Australia’s latest construction technology coverage, published on 16 June 2026, highlights how geographic information systems, or GIS, are moving beyond digital mapping to become a practical project tracking tool for modern construction sites. The report frames GIS as a way to connect dispersed teams, complex schedules, site conditions and operational data into a shared spatial view, helping project leaders make faster and better-informed decisions. - read more
Sphere Liquidation Highlights Why Broker Due Diligence Matters
Sphere Liquidation Highlights Why Broker Due Diligence Matters
19 Jun 2026: Paige Estritori
The liquidation of authorised representative network Sphere Insurance Group has put broker governance and client continuity back under the spotlight. According to early estimates reported by Insurance News, the failed network could owe more than $11 million to creditors, including insurers, underwriting agencies and a secured lender. The figures are preliminary and based on company records, with the liquidator still investigating the group’s financial position. - read more
Anna Spink to Lead BHSI's Marine Division in Australasia
Anna Spink to Lead BHSI's Marine Division in Australasia
17 Jun 2026: Paige Estritori
Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of Anna Spink to Head of Marine, Australasia. This strategic move underscores BHSI's commitment to bolstering its marine insurance operations across the region. - read more


Caravan Insurance Articles

Practical Security Measures Every Caravan Owner Should Implement Now
Practical Security Measures Every Caravan Owner Should Implement Now
In recent years, we've seen a troubling rise in caravan thefts nationwide, which has undoubtedly caused concern within our vibrant community. It's clear that the adage 'better safe than sorry' has never been more applicable to caravan ownership. - read more
Caravan Insurance Disasters: Real-Life Lessons and Horror Stories
Caravan Insurance Disasters: Real-Life Lessons and Horror Stories
Caravan insurance is an absolute necessity for anyone who owns a caravan. Accidents can happen at any time and without adequate insurance, the costs can be devastating. In this article, we will be exploring real-life horror stories and disasters regarding caravan insurance, to help you understand what can go wrong and what steps you can take to avoid similar situations. - read more
Why Regular Caravan Servicing is Crucial for Insurance Claims
Why Regular Caravan Servicing is Crucial for Insurance Claims
Caravanning has surged in popularity across Australia, offering a unique way to explore this vast and beautiful country. Whether you're a seasoned traveller or planning your first trip, it's crucial to understand the importance of regular caravan maintenance. - read more
Why You Should Use a Specialist Caravan Insurance Broker Instead of Going Direct
Why You Should Use a Specialist Caravan Insurance Broker Instead of Going Direct
Caravan insurance is an important investment for anyone who owns a caravan. It provides financial protection against loss, damage, or theft of your caravan. While it's possible to purchase caravan insurance directly from an insurer, in this article, we explore why you should use a specialist caravan insurance broker instead of going direct - and how to choose the right one for your needs. - read more
Roadworthy and Reliable: The Comprehensive Guide to Caravan Upkeep
Roadworthy and Reliable: The Comprehensive Guide to Caravan Upkeep
Maintaining your caravan isn't just about keeping it looking good; it's a crucial practice that ensures your safety on the road, as well as helping you protect your investment. A caravan represents a significant financial commitment, and just like any other vehicle, it requires regular care to maintain its value and functionality. - read more

Knowledgebase
Flood Insurance:
A specific type of property insurance that covers losses and damage caused by flooding.