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Insurance Australia Group Targets Gross Written Premiums of AU$25 Billion by 2030 Under Refreshed Strategy

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Insurance Australia Group (ASX:IAG) is targeting gross written premiums of over AU$25 billion, a more than 15% return on equity, and high single-digit earnings per share growth per year by 2030, according to a Tuesday filing with the Australian bourse.

The company disclosed long-term financial targets as part of its Ambition 2030 strategy to strengthen its position in the insurance markets of Australia and New Zealand, to serve more than 11 million customers by 2030.

The firm will execute the strategy by focusing on retail and intermediated brands and distribution channels, deep customer data, modern technology platforms, and an integrated claims supply chain, it said.

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