Insurance Australia FY16 Earnings Result

IAG.ASX reported FY16 cash NPAT of $867m and EPS of $0.36 and a final dividend of $0.13

FY17 guidance is for slightly softer insurance margins and DPS of $0.28 placing stock on a forward yield of 5%.

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We’re comfortable buying IAG.ASX on a pullback to $5.50

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Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks