IAG New Zealand's FY2026 Results Show Decline in Profit and Margin

IAG New Zealand's financial performance for FY2026 saw a reported insurance margin of 22.8%, down from 27.4% in FY2025.

The company recorded a profit of A$467m ($331.7m) for the fiscal year, representing a 22.9% decline from the previous year's profit of A$606m.

The result is attributed to lower-than-expected costs of natural disasters and an underlying margin of 20.6%, up from 20.1% in FY2025.

Gross written premium decreased by 8% from A$3.81bn in FY2025 to A$3.5bn in FY2026, primarily due to a softer commercial insurance market and a weakened New Zealand dollar.