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Why Did IAG’s Profit Drop 35% Despite Revenue Growth?
8:02am on Thursday 12th of February, 2026 AEDT
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Financials
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Why Did IAG’s Profit Drop 35% Despite Revenue Growth?
8:02am on Thursday 12th of February, 2026 AEDT
Key Points
Net profit after tax down 35.1% to $505 million
Revenue up 23.3% to $11.14 billion, boosted by RACQI acquisition
Reported insurance profit declines to $724 million with 13.5% margin
Underlying insurance profit rises to $804 million, margin steady at 15.1%
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