My Top Pick is $INSURANCE AUSTRALIA GROUP(IAG.AU)$ as it is the largest general insurance company in Australia and New Zealand.
IAG currently holds the number 1 spot, underwriting 29% of the Australian domestic general insurance market. IAG operates dominant household retail brands like NRMA Insurance, CGU and WFI.
In its recent AGM updates, IAG management has reaffirmed a steady 2027 fiscal guidance, outlining Gross Written Premium growth of 5% to 8% with a healthy target insurance profile of 14.5% to 16.5%.
For income focused investors, IAG pays a nice dividend yield of 3.60%.
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- nichteyΒ·04:32TOPThank you for sharing, banking and insurance stocks have went down quite a lot recently but it can still face further correction1Report
- icycrystalΒ·10-26 16:57TOPthanks for sharing2Report
- JazimΒ·10-26 19:50interesting1Report