Insurance Australia Group (Insurance Australia Group) Interest Expense : $-111 Mil (TTM As of Dec. 2023)

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What is Insurance Australia Group Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Insurance Australia Group's interest expense for the six months ended in Dec. 2023 was $ -57 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-111 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Insurance Australia Group's Operating Income for the six months ended in Dec. 2023 was $ 495 Mil. Insurance Australia Group's Interest Expense for the six months ended in Dec. 2023 was $ -57 Mil. Insurance Australia Group's Interest Coverage for the quarter that ended in Dec. 2023 was 8.69. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Insurance Australia Group Interest Expense Historical Data

The historical data trend for Insurance Australia Group's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Insurance Australia Group Interest Expense Chart

Insurance Australia Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Interest Expense

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-65.28

-63.49

-68.04

-65.36

-97.32

Insurance Australia Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Interest Expense	Get a 7-Day Free Trial															-33.62	-32.33	-43.19	-54.36	-56.89

Insurance Australia Group Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-111 Mil.

Insurance Australia Group (OTCPK:IAUGY) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Insurance Australia Group's Interest Expense for the six months ended in Dec. 2023 was $-57 Mil. Its EBIT for the six months ended in Dec. 2023 was $495 Mil. And its Long-Term Debt & Capital Lease Obligation for the six months ended in Dec. 2023 was $2,017 Mil.

Insurance Australia Group's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	EBIT (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	494.645	/	-56.894
	=	8.69

The higher the ratio, the stronger the company's financial strength is.

Insurance Australia Group (Insurance Australia Group) Business Description

Industry

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Traded in Other Exchanges

IAUGF:USA NRM:Germany IAGPD.PFD:Australia IAG:Australia

Address

Darling Park, 201 Sussex Street, Level 13, Tower Two, Sydney, NSW, AUS, 2000

Website

https://www.iag.com.au

Insurance Australia Group is the biggest domestic general insurer by gross written premium operating in Australia and New Zealand. The key general insurance markets in which the company operates are home and contents, motor vehicle and compulsory third-party, and short-tail commercial. Insurance Australia Group sells insurance under several brands, including NRMA, CGU, SGIO, SGIC, WFI, and Swann in Australia, and NZI, State, AMI, and Lumley in New Zealand.