IAG New Zealand reports FY2026 financial results and outlook

THE NEWS:
IAG New Zealand reported a profit of A$467 million ($331.7 million) for the financial year ended 30 June 2026, a 22.9% decline from the A$606 million profit recorded in FY 2025, and its reported insurance margin fell to 22.8% from 27.4% a year earlier.

DETAILS:

The result was helped by natural‑disaster costs that came in A$19 million below the company’s allowance for the year.

Underlying margin improved to 20.6% in FY 2026, up from 20.1% in FY 2025.

The lower‑than‑expected disaster cost contributed to the underlying margin despite the drop in reported insurance margin.

FAQ

What profit did IAG New Zealand post for FY 2026?
IAG New Zealand announced a profit of A$467 million ($331.7 million) for the year ended 30 June 2026, representing a 22.9% fall compared with the A$606 million profit reported for FY 2025.

How did IAG New Zealand’s reported insurance margin change in FY 2026?
The company’s reported insurance margin decreased to 22.8% for FY 2026, down from 27.4% in the previous financial year, as disclosed in its FY 2026 results statement.

How much did natural‑disaster costs differ from expectations in FY 2026?
IAG New Zealand said natural‑disaster costs were A$19 million below its allowance for FY 2026, contributing positively to the year’s financial performance.

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