Insurance Australia Group Ltd (OTCPK:IAUGF)
$ 4.7658 0 (0%) Market Cap: 219.53 Mil Enterprise Value: 219.55 Mil PE Ratio: 21.49 PB Ratio: 0.05 GF Score: 65/100
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Insurance Australia Group Ltd Preliminary FY22 Results and FY23 Guidance Call Transcript

Feb 02, 2023 / 10:30PM GMT
Release Date Price: $3.35
Operator

Thank you for standing by, and welcome to the IAG Auckland Flooding and Financial Update. (Operator Instructions) There will be introductory comments by IAG's Managing Director and CEO, Nick Hawkins, followed by a question-and-answer session. (Operator Instructions)

I would now like to hand the conference over to Mr. Hawkins. Thank you. Please go ahead.

Nicholas B. Hawkins
Insurance Australia Group Limited - MD, CEO & Executive Director

Good morning, everyone, and thanks for joining us on this call this morning. I'm joining here today from Gadigal land, and I pay my respects to elders past, present and emerging. And with me in the room here today is our Chief Financial Officer, Michelle McPherson.

We're holding this call and we made this morning's announcements in response to the severe storms and flooding in Auckland and the North Island that occurred last Friday and has continued since. I think as we all know, the event started last Friday evening, and around 153 millimeters or 6 inches of rain fell in just 3 hours. And that's almost

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